1、Q 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. This is referred to as

A. 　Automobile

B. 　Newspaper

C. 　Medical

D. 　Manufacturing

A. 　Both types of organizations normally provide a package of goods and services.

B. 　They must both inventory their inputs.

C. 　Customer focus is necessary for success in both services and manufacturing.

D. 　They must both inventory their outputs.

A. 　longer life.

B. 　larger initial size.

C. 　highest IRR.

D. 　highest NPV.

A. 　increases as more people use them.

B. 　decreases as more people use them.

C. 　increases due to higher marginal gain in output.

D. 　decreases according to the law of diminishing returns.

A. 　capital structure.

B. 　capital budget.

C. 　asset allocation.

D. 　working capital.

A. 　The present value is inversely related to the future value.

B. 　The future value is inversely related to the period of time.

C. 　The period of time is directly related to the interest rate.

D. 　The future value is directly related to the interest rate.

A. 　systematic; unsystematic

B. 　unsystematic; systematic

C. 　asset-specific; market

D. 　total; systematic＼

A. 　can be effectively eliminated through portfolio diversification.

B. 　is compensated for by the risk premium.

C. 　is measured by beta.

D. 　cannot be avoided if you wish to participate in the financial markets.

A. 　some market participants will have an advantage over others..

B. 　security prices reflect available information.

C. 　securities always offer a positive rate of return to investors.

D. 　None of the above.

A. 　the movement of materials within a production facility.

B. 　incoming shipments of goods or materials.

C. 　outgoing shipments of goods or materials.

D. 　customer selection.