Diminishing Returns Occur Because

question 40

Multiple Choice

Diminishing returns occur because

• A)Of inefficiency in the production process.
• B)Of the use of inferior factors of production.
• C)A firm increases the amount of a variable input without changing a fixed input.
• D)Of lower opportunity costs of the factors of production.

Identify discrimination and unfair treatment claims related to employment practices.

Recognize potential drawbacks and biases in the job analysis process.

Comprehend pay equity legislation requirements and the job evaluation methods compliant with it.

Differentiate between various job evaluation methods and their suitability for different organizational contexts.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds; it is the price paid for the use of borrowed money.

Carrying Value

The amount at which an asset is recognized in the balance sheet, subtracting any accumulated depreciation or amortization.

Maturity

The date on which a financial instrument or obligation becomes due and is to be paid or settled.

Face Value

The nominal value printed on a bond or stock certificate, representing its legal value.