Which of the Following Statements Regarding Resource Flexibility Is BEST

question 32

Multiple Choice

Which of the following statements regarding resource flexibility is BEST?

• A)Training is a small part of worker flexibility.
• B)Specialization of employees is consistent with worker flexibility.
• C)Worker flexibility is not a priority if the process is subject to hourly or seasonal peaks in demand.
• D)Resource flexibility requires employees to be able to perform a broad range of duties,and equipment usually must be more general purpose.

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Definitions:

Profit-Maximizing Output

The quantity of goods or services that yields the highest profit for a firm, determined by analyzing costs and revenues.

Sergei's Total Cost

A term representing a specific individual's total incurred costs; not a standard economic concept without additional context.

Market Price

The actual selling price of goods and services in the marketplace, determined by supply and demand forces.

Long Run

A time frame in economics where all inputs can be varied, and there are no fixed factors of production.