As It Relates to Process Management,the Concept of a Flexible

question 79

Multiple Choice

As it relates to process management,the concept of a flexible workforce is defined as:

• A)a labor force that often changes in size because of hirings and firings.
• B)workers who are willing to work large amounts of overtime when necessary.
• C)workers who are capable of performing many different tasks.
• D)a labor force with a high turnover rate.

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Definitions:

Input Increases

A situation where the amount, quality, or number of resources used in production grows, potentially leading to an increase in output.

Marginal Product

The additional output that is produced by adding one more unit of a specific input, ceteris paribus.

Production Function

An equation, graph, or table that describes the maximum amount of output a firm can produce from a given set of inputs.

Variable Factor

In economics, an input in the production process that can be adjusted in the short run to change the quantity of output.