Which of the Following Statements Is TRUE

question 112

Multiple Choice

Which of the following statements is TRUE?

• A)The economic, legal, political, social, and cultural environments are always similar across countries.
• B)Governments in some countries may impose controls and limit selling prices of a company's products.
• C)The availability of materials and skilled labour does not normally differ across countries.
• D)There are no difficulties in comparing performance of divisions across different countries.
• E)Nonfinancial performance measures should not be used when comparing performance of divisions in different countries.

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Definitions:

Marginal Product

The extra output, or increase in production, that results from adding one more unit of a specific input, while other inputs are kept constant.

Total Product

The total quantity of output produced by a firm over a given period of time.

Average Product

The output per unit of a particular input, calculated by dividing total output by the quantity of inputs.

Labor

Human effort, either physical or mental, used in the production of goods and services.