Author Question: Developing a new product, fulfilling an order, and hiring a new employee are all examples of ... (Read 16 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
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

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

TRUE

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

For a complete list of videos, visit our video library