One of the Fundamental Ways in Which Companies Can Try

question 46

Multiple Choice

One of the fundamental ways in which companies can try directly to increase productivity is by:

• A)increasing the amount of input required to produce a given output
• B)selling smaller quantities of goods to decrease capacity
• C)decreasing the value of the output produced by a given amount of input
• D)consolidating operations to better leverage economies of scale

---

Definitions:

Statistical Inferences

The process of drawing conclusions about a population's characteristics based on a subset of data taken from that population.

Self-Selected Samples

A sample in which the participants have volunteered themselves, which may lead to bias and unrepresentative samples.

Stratified Random Samples

A sampling method that involves dividing the population into subgroups (strata) and randomly selecting samples from each stratum, aiming to ensure representation of key subgroups.

Cluster Samples

A sampling technique where the population is divided into groups, or clusters, and a random sample of these groups is selected to be surveyed or studied.