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:

Big Five Traits

A model in psychology that describes personality using five broad factors: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

High Job Performance

The degree to which an employee excels in fulfilling their job responsibilities and tasks to a high standard.

Vocational Fit

The degree to which an individual's interests, abilities, and values align with a chosen career or occupation.

Personality Questionnaire

A tool or test designed to assess and measure various aspects of an individual's personality traits and characteristics.