Which of the Following Is a Suitable Description of the Term

question 67

Multiple Choice

Which of the following is a suitable description of the term 'economies of scale'?

• A)the use of several inputs to produce one common output
• B)the ability to generate cost savings by producing more than one output with the same inputs
• C)the ability to lower average operating costs by expanding its output of financial services
• D)the ability to lower average operating costs by lowering its output of financial services

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Definitions:

Drug Screening

The process of testing individuals for the presence of drugs or their metabolites in the body, often used by employers or law enforcement.

Interview Process

A structured conversation where one party asks questions, and the other provides answers, typically used for the purpose of evaluation.

Behavioral Interview

An interviewing technique where candidates are asked to describe past behavior and performance in specific situations.

Working Interview

An interview where the applicant engages in an activity related to the job they're applying for.