Of the Following,which Is NOT a Disadvantage of Making

question 1

Multiple Choice

Of the following,which is NOT a disadvantage of making?

• A) The firm has less control over quality.
• B) It requires the company to have expertise in the production of the component or raw materials what will be made.
• C) The people producing the component or raw material do not have the incentive to improve their product.
• D) The firm may not be able to gain the economies of scale that can be gained by a supplier that is able to pool the activity of a large number of firms.
• E) The firm would incur both fixed and variable costs.

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Definitions:

Cognitive Development

The process of growth and change in intellectual capabilities such as thinking, reasoning, and understanding over the course of a human life.

Experiment

A carefully regulated procedure in which the researcher manipulates one or more variables that are believed to influence some other variable.

Nativist Approaches

Theories suggesting that much of human knowledge and capacity is innate and genetically programmed, emphasizing the role of biology in development.

Cognitive Development

The process by which individuals acquire and develop thinking skills, from perceiving and learning to speaking and reasoning, throughout the lifespan.