Which of the Following Is an Example of a Non-Installment

question 17

Multiple Choice

Which of the following is an example of a non-installment loan?

• A) Credit card
• B) 30-year mortgage
• C) Bridge loan
• D) 5-year auto loan
• E) Home equity line of credit

Understand the relationship between HR forecasting, human capital stocks and flows, and competitive advantage.

Know the role of job analysis in identifying job requirements and KSAOs.

Comprehend the advantages of HR forecasting for organizational flexibility, strategy, and reduced costs.

Recognize the different human capital types and their relevance to HR forecasting.

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Definitions:

Diseconomies of Scale

The phenomenon where production costs per unit increase as a firm's output expands, often due to inefficiencies that arise from becoming too large.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Average Total Cost

The total cost of production divided by the quantity of output produced; it includes all variable and fixed costs.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.