Developing a new product, fulfilling an order, and hiring a new ...

[genevieve1028]

Developing a new product, fulfilling an order, and hiring a new employee are all examples of business processes.
 
  Indicate whether the statement is true or false

Question 2

The idea that the more any given resource is applied to production, the lower the marginal gain in output, until a point is reached where the additional inputs produce no additional output, is referred to as:
 
  A) the point of no return.
  B) the law of diminishing returns.
  C) supply and demand.
  D) inelasticity.
  E) virtual economics.

[ecox1012]

Answer to Question 1

TRUE

Answer to Question 2

B