A(n) _____ Strategy Is an Unplanned Strategy That Arises in Response

question 18

Multiple Choice

A(n) _____ strategy is an unplanned strategy that arises in response to unexpected opportunities and challenges.

• A) emergent
• B) marked
• C) pre-termed
• D) intended
• E) realized

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Definitions:

Marginal Physical Product

The addition to total output due to the employment of one more unit of a factor, other factors held constant.

Marginal Output

The additional quantity of output that is produced as a result of using one more unit of a particular input, assuming all other factors of production remain constant.

Marginal Physical Product

The change in output resulting from employing one more unit of a particular input, all else being constant.

Productivity

The measure of the efficiency of production, often evaluated as the ratio of output to inputs in the production process.