Answer: Form
Explanation:
Form utiility is the type of utility on which production and operations management focuses.
It's an utility that involves making a product ready for consumption by changing it to a form that is more useful to consumers than the raw materials used in making it.
Answer:
Group size
Explanation:
In an experiment the change of one variable over the other is measured.
The variable which shows changes because of another variable is called the dependent variable.
The variable which changes on its own and causes a change in the dependent variable is called the independent variable.
Here the survey measured how the satisfaction of the people varied in relation to the group size. Hence, the group size is the independent variable and the satisfaction is the dependent variable.
Answer:
Fixed expenses are those expenses that do not change when there is a change in production or sales level. Expenses like rent, insurance, payment on loans, management salaries, advertising are examples of fixed expenses.
Fiat money is the term used to refer to money that has value because the government has declared that it is an acceptance means to pay debts.
Example of fiat money are paper money and coins with "this note is legal tender for all debts private and public."
