The Number of Employees Less Than the Upper Limit of Each

question 88

Multiple Choice

The number of employees less than the upper limit of each class at Lloyd's Fast Food Emporium is shown in the following table: What is it called?

• A) A histogram
• B) A cumulative frequency table
• C) A pie chart
• D) A frequency polygon

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Definitions:

Economies Of Scale

The cost advantage achieved by producing goods in large quantities, hence reducing the cost per unit.

Quality Of Products

Refers to the degree to which a product or service meets or exceeds customer expectations in terms of durability, reliability, and performance.

Production Costs

The expenses directly associated with the manufacturing of goods or services, including materials, labor, and overhead.

Economies Of Scale

The cost advantage that arises with increased output of a product, where the average cost per unit decreases as the scale of production expands.