which of the following statements is (are) true with respect to economies of scale?

Answers

Answer 1

Economies of scale refer to the cost advantages gained when the scale of production increases, resulting in a decrease in average production costs.

One statement that is true with respect to economies of scale is that as production increases, the average cost per unit decreases due to spreading fixed costs over a larger output. This is known as the "scale effect" of economies of scale.

Another true statement is that economies of scale can be achieved through specialization and division of labor, where tasks are divided among specialized workers, increasing efficiency and productivity.

Additionally, economies of scale can result from bulk purchasing and discounts on raw materials or components, leading to cost savings.

In conclusion, economies of scale offer cost advantages by decreasing average production costs as production increases. This is achieved through the scale effect, specialization and division of labor, and bulk purchasing. By leveraging these factors, businesses can improve their efficiency, reduce costs, and enhance their competitiveness in the market.

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Related Questions

The expected rate of return on Happy Dog Soap's stock over the next year is ---------.

The expected rate of return on Black Sheep Broadcasting's stock over the next year is------.

Answers

Answer:

The first part of the question is missing, so I looked for it.

The expected rate of return on Happy Dog Soap's stock over the next year is:

= (return if market is strong x probability of strong market) + (return if market is normal x probability of normal market) + (return if market is weak x probability of weak market) = (33% x 0.25) + (20% x 0.45) + (-26% x 0.30) = 9.45%

The expected rate of return on Black Sheep Broadcasting's stock over the next year is:

same formula as before = (46% x 0.25) + (26% x 0.45) + (-33% x 0.30) = 0.133%

The expected rate of return on Happy Dog Soap's stock over the next year is ---------. The expected rate

Three key takeaways from the history of credit in america segment are: _______________

Answers

The first credit card was the Diners Club Card, introduced in 1950. The first bank credit card was created in 1951 by the Franklin National Bank, which is located in Long Island, New York.

Before others realised how profitable credit cards were, it wasn't long before there were 60 credit card programmes operating in the United States by 1953.

It documented the capacity to repay debts and demonstrated accountability for doing so.

The major purchases from American credit history are listed below:

Your credit history is a record of both your accountability and ability to repay debt. Includes the quantity and kinds of credit accounts you've credited, the length of time your account has been open, the balance owed, the amount of credit available, whether you make on-time payments on your bills, and the number of recent credit requests. For having a good credit history, you'll get benefits like lower rates on car and house loans.

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the time lag between when an economic problem arises and when it is reported in economic statistics is the group of answer choices open-market lag. impact lag. recognition lag. implementation lag.

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The time lag between when an economic problem arises and when it is reported in economic statistics is referred to as the "recognition lag."

This is the period of time following an economic event during which economic statistics are gathered, examined, and publicised. Depending on the data source and the intricacy of the economic event, this delay might be anywhere from a few months to many years.

One sort of lag in the process of understanding and addressing economic issues is the recognition lag. Other delays include the "impact lag," which measures the time it takes for a financial event to affect the economy, and the "implementation lag," which measures the time it takes for policymakers to respond to a financial issue. One kind of implementation lag is the "open-market lag."

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SECTION B
ANSWER ALL ITEMS IN THIS SECTION.
1. Fill in the blanks by classifying the following activities as primary, secondary or
tertiary production.
(Total 5 marks)
A
= Banking
В.
= Forestry
С.
Canning of fish
D.
= Doctor
Е.
Working as a lumberjack

Answers

ANSWERS:

A-tertiary
B-primary
C-secondary
D-tertiary
E-primary

PLEASE MARK ME BRAINLIEST

Employee mistakes must be brought to the attention of management for resolution to avoid: 
A. Unhappy customers and possible legal action
B. Competitive disadvantages
C. More new rules
D. Salary cuts or decreases

Answers

The correct answer is option (A) Unhappy customers and possible legal action.

Employee mistakes can have a significant impact on a company's operations and reputation, especially if they result in dissatisfied customers or legal action. For this reason, it is important to bring any employee mistakes or errors to the attention of management as soon as possible, so that they can be addressed and resolved before they have a negative impact on the company.

Effective communication between employees and management is critical in identifying and resolving mistakes, as it allows for swift action to be taken to rectify the situation and prevent any further negative consequences. In some cases, this may involve providing additional training or resources to employees to help them avoid future mistakes, or implementing new policies or procedures to prevent similar errors from occurring in the future.

Overall, addressing employee mistakes in a timely and effective manner is an important aspect of effective management, as it helps to maintain customer satisfaction, prevent legal issues, and ensure the continued success of the company.

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A theater company is considering raising the price of its tickets. It currently charges $8. 50 for each ticket and sells an average of 200 tickets for each show. The company estimates that for each $0. 25 increase in the price of the ticket, the average ticket sales will go down by 5 people. Which equation could the company solve to find the number of price increases it could make, x, and still have a revenue of $1,700?.

Answers

The company could use the following equation to find the number of price increases, x, that would still allow them to have a revenue of $1,700:

Revenue = Ticket Price x Number of Tickets Sold

$1,700 = (8.50 + 0.25x) * (200 - 5x)

The company is assuming that for each $0.25 increase in the price of the ticket, the average ticket sales will go down by 5 people. So the number of ticket sold will decrease by 5x

To solve the equation for x, we can first multiply both sides of the equation by (200-5x) and rearrange:

(200-5x)*(8.5 + 0.25x) = 1700

Then, expand (8.5 + 0.25x) * (200-5x) and simplify the equation to:

1700 = 1700 - 5x(8.5 + 0.25x)

On both sides we have 1700, so we get

0 = 5x(8.5 + 0.25x)

In order to find the value of x, we will have to divide both sides by 5x*0.25x to get:

x = x can't be calculated because x cannot be zero

The company can not determine the number of price increases it could make, x, because the number of tickets sold depends on the ticket price and the coefficient of the variable x, is zero, which makes x an indeterminate. Therefore, it is impossible to solve for x in this equation and as such the company should consider other factors and strategies in order to reach a revenue of 1700

Conduct some research and identify at least five dangers posed by this risky behavior. be sure that the websites you use are government or health agencies so that the data and information is reputable.

Answers

According to the National Institute on Drug Abuse (NIDA), substance abuse and addiction can have serious consequences for an individual's health, relationships, and future opportunities. Here are five potential dangers to consider:


1. Health problems: Substance abuse can lead to a range of health problems, depending on the substance involved. For example, alcohol can damage the liver and brain, while opioids can cause respiratory depression and overdose. Long-term substance abuse can also increase the risk of heart disease, stroke, cancer, and other chronic conditions.
2. Legal issues: Many substances are illegal to possess or use, so engaging in substance abuse can put individuals at risk of arrest and incarceration. This can have lasting consequences, including difficulty finding employment, housing, and educational opportunities.
3. Social isolation: Substance abuse can lead to social isolation as individuals may prioritize their substance use over their relationships with family and friends. This can result in feelings of loneliness, depression, and anxiety, which can exacerbate substance abuse and addiction.
4. Financial difficulties: Substance abuse can be expensive, particularly if an individual becomes addicted and needs larger amounts of the substance to achieve the desired effect. This can lead to financial difficulties, including debt, job loss, and poverty.
5. Overdose and death: Substance abuse can lead to overdose and death, particularly if an individual uses a high dose or mixes substances. This can happen accidentally or intentionally, and can have devastating consequences for the individual and their loved ones.
Overall, it's important to seek help if you or someone you know is struggling with substance abuse or addiction. There are many resources available, including government and health agencies, that can provide support and treatment options.

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Essay 1: In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world. I have selected Thomas Edison for the subject of your essays. Anything else will not be accepted.

Essay must be at least two paragraphs

Answers

Thomas Edison's impact on the business world would not have been possible without the free enterprise system.

The free enterprise system, which allows individuals to start businesses and compete in the market, gave Edison the opportunity to establish his own company and develop his inventions without government intervention. Edison's success was driven by his entrepreneurial spirit, creativity, and determination, which were all nurtured and encouraged by the free market system.

Without free enterprise, Edison would have faced significant obstacles in bringing his inventions to market. He would have had to navigate a complex and bureaucratic regulatory environment, and his ability to innovate and take risks would have been severely limited. However, because he was able to operate within a system that valued entrepreneurship and competition, Edison was able to build a successful business empire and revolutionize the world with his inventions. In short, the free enterprise system provided Edison with the resources, opportunities, and incentives he needed to make a lasting impact on the business world.

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identify some of the benefits to the customer of a well-designed menu in a noncommercial environment.

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A well-designed menu in a noncommercial environment offers several benefits to the customer, including improved readability, clear pricing information, enhanced menu item descriptions, and the promotion of healthy and diverse food options.

A well-designed menu in a noncommercial environment provides several advantages to the customer. Firstly, it focuses on improved readability by using appropriate fonts, colors, and layout, making it easier for customers to navigate and understand the available options. Clear and transparent pricing information is also a key benefit, ensuring customers can easily assess the cost of each item and make informed decisions based on their budget.

Furthermore, a well-designed menu includes detailed and enticing descriptions of menu items, helping customers visualize and choose their desired meals. This can enhance the overall dining experience by providing information about ingredients, flavors, cooking methods, and any special features of the dishes.

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Based on the information for two firms involved in price competition, What is the maximum interest rate that can sustain collusion? \( 66.7 \) percent does not exist \( 33.3 \) percent 50 percent

Answers

Price competition refers to a situation where two or more firms reduce the price of their products to gain market share. The maximum interest rate that can sustain collusion is 50%.

Collusion is an illegal practice where firms conspire to increase the price of their products or services to earn abnormal profits. In most cases, collusion occurs when there is a lack of price competition in the market, and firms can control the price of their products. However, firms that engage in collusion risk significant penalties, including fines, imprisonment, and reputational damage.

The interest rate is the amount charged by lenders to borrowers for the use of their money. In the context of collusion, interest rate refers to the cost of borrowing money that firms may need to finance their operations. When the interest rate is high, firms may find it hard to finance their operations, which may lead to reduced profits.

On the other hand, when the interest rate is low, firms can borrow money at a lower cost, increasing their profits. Based on the information for two firms involved in price competition, the maximum interest rate that can sustain collusion is 50%. Thus, the correct option is the third option.

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What is globalization?

Answers

Globalisation is the growing interconnectivity of the world through the use of trade, travel and media.

When a startup wants to offer stock on the stock market, they go from a private to a public company.

Answers

Answer:

true...u didn't wrote if u want answer it or not but its true

If the police want to enter a home to find evidence, what must they request?
A. An affidavit of probable cause
O B. A search warrant
O
C. A witness' testimony
о D. A motion for arraignment
SUBM

Answers

Answer:

B. A search warrant

Explanation:

hope it helps

Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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Highbridge Community Life Center was a community hub and resource for the Bronx community that was founded in 1979 by two Catholic nuns. Brother Ed Phalen served as the Executive Director of the center for more than two decades. When he started considering retirement, he wondered what would happen to the organization and its leadership after he left. In order to plan for his eventual departure, Brother Phalen and the board of directors began the process of to identify a replacement for him.

Answers

The correct question is:

Highbridge Community Life Center was a community hub and resource for the Bronx community that was founded in 1979 by two Catholic nuns. Brother Ed Phalen served as the Executive Director of the center for more than two decades. When he started considering retirement, he wondered what would happen to the organization and its leadership after he left. In order to plan for his eventual departure, Brother Phalen and the board of directors began the process of _____________ to identify a replacement for him.

Answer:

Succession planning

Explanation:

Succession planning is the process by which new leaders in an organisation are identified and developed to adequately fill in the role of departing leaders.

This process is important as it prepares experienced staff to take up responsibility in cases of resignation, retirement, or death of a leader.

In the given instance Brother Ed Phalen served as the Executive Director of the center for more than two decades.

Considering his retirement he would need to get someone to take over leadership role from him.

So he and the the board of directors will need to begin a succession plan to identify his replacement

One of the reasons that companies might merge is to diversify their
product lines.

True
False

Answers

Answer: true
Explanation: The most common factor is the potential growth of the business. A business merger may give the acquiring company a chance to grow its market share.They can reduce the costs of developing business activities that will complement a company's strengths. The acquisition can also increase the supply-chain pricing power.

A copyright must be registered for a person to have rights to his or her work.
True
Or False

Answers

Answer:false Explanation:

Answer:

False

Explanation:

Copyright exists from the moment the work is created.

Why would you want to claim an exemption on your pay stub?.

Answers

The possible reason why a person would want to claim an exemption on their pay stub is:

To reduce taxable income

What does it mean to claim an exception to a pay stub?

This means that a person's paycheck is exempt from federal taxation and this can be done for different reasons such as a married couple that files for joint tax return.

With this in mind, one of the reasons for claiming an exempt on their paystub is that they want to reduce their taxable income even though this gives them fewer restrictions to claiming it.

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(T/F) ibm is a good example of a firm that has shifted from manufacturing-intensive operations to service-intensive operations.

Answers

True. IBM is a good example of a firm that has shifted from manufacturing-intensive operations to service-intensive operations.

Manufacturing operations involve the production and manufacturing of goods for use in the economy. The manufacturing industry transforms raw materials into finished goods that can be used or consumed. Automobiles, machinery, and computers are all examples of products that are manufactured in the manufacturing industry.

Service operations refer to companies that provide services rather than goods. Services are non-material items such as education, consulting, and hospitality that are sold by the company. Banks, hospitals, hotels, and airlines are all examples of service industries.

So, this explains that IBM is a good example of a firm that has shifted from manufacturing-intensive operations to service-intensive operations.

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Sustainable procurement includes all of the following EXCEPT: O It delivers economically sound sourcing solutions O It involves socially and ethically responsible purchasing O It creates a more enduring approach to procuring goods and services that will contribute positively to the community and beyond O It focuses only on environmental resources and being green

Answers

Sustainable procurement includes all of the following EXCEPT It focuses only on environmental resources and being green.

The practice of adopting social, economic, and environmental considerations by the groups in charge of the procurement process and procedures in addition to the standard price and quality considerations is known as sustainable procurement.

The most popular method of implementing sustainable procurement is by requiring suppliers to comply with environmental laws and goals, remove hazardous materials and waste from the supply chain, and use fair labor practices.

With higher profits, better customer retention, healthier financial statements, and promising future possibilities, sustainable procurement will ultimately guarantee a better future for your company.

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True or false: All employees make an impact on a business.
5 points
True; all employees make a positive impact on a business
True; all employees make either a positive or negative impact on a business
False; only managers and supervisors make an impact on a business
False; only executives and board members make an impact on a business

Answers

Answer:

true; all employees make either a positive or negative impact on a business

Explanation:

Understanding the need your proposal meets and how you propose to address that need is involved in the first step of preparing a proposal, defining its ________.

Answers

Understanding the need your proposal meets and how you propose to address that need is involved in the first step of preparing a proposal, defining its **purpose**.

The purpose of a proposal is to clearly articulate the problem or need that the proposal seeks to address and to outline how the proposed solution or project will fulfill that need. This step involves conducting a thorough analysis of the problem or need, identifying the desired outcomes or objectives, and determining the specific approach or strategy to be implemented. By defining the purpose of the proposal, you set the foundation for the rest of the document, guiding the content and structure to effectively communicate the value and benefits of your proposed solution.

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calculate the duration of a two-year corporate loan paying 6 percent interest annually, selling at par. the $30,000,000 loan is 100 percent amortizing with annual payments.

Answers

The duration of a two-year corporate loan paying 6% interest annually and selling at par is 1.8333 years. This loan has a total of 2 annual payments.

To calculate the duration of a two-year corporate loan paying 6% interest annually, selling at par, and being 100% amortizing with annual payments, follow these steps:

1. Calculate the annual interest payment: 6% of $30,000,000 is $1,800,000.
2. Calculate the annual principal repayment: $30,000,000 / 2 (years) = $15,000,000.
3. Calculate the total annual payment: $1,800,000 (interest) + $15,000,000 (principal) = $16,800,000.
4. Calculate the present value of each cash flow, using a discount rate of 6%.
  - PV₁ = $16,800,000 / (1.06¹) = $15,849,057.55
  - PV₂ = $16,800,000 / (1.06²) = $14,934,304.12
5. Calculate the weighted average time of each cash flow: (1 * PV₁) + (2 * PV₂) = $15,849,057.55 + $29,868,608.24 = $45,717,665.79
6. Calculate the Macaulay duration: Duration = $45,717,665.79 / $30,000,000 = 1.8333 years.
Thus, the duration of the loan is 1.8333 years, and it has a total of 2 annual payments.

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The growth rate is a measure of the rate at which a countrya's population is increasing. Please select the best answer from the choices provided. T F.

Answers

The growth rate is a measure of the rate at which a country's population is increasing.

The growth rate of a population measures the percentage increase in the value of a quantity.

For example, if the growth rate of a population is 10%, if the town currently has 1000 people, next year population would be: 1000(1.1) = 1100 people.

Factors that leads to increases in a population

Migration Birth

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Answer:

This is true.

Explanation:

Edg. 2022

PLEASE HELP, MUST GET RIGHT NOW!
→Define Production trade-offs.
(in Economics)
*Understandable definition*

Answers

\(Question\)

→Define Production trade-offs.

(in Economics)

Answer:

In economics, a trade-off is defined as an "opportunity cost." For example, you might take a day off work to go to a concert, gaining the opportunity of seeing your favorite band, while losing a day's wages as the cost for that opportunity.

Hope this helps!!

-xXxAnimexXx-

is the stock market open on martin luther king day

Answers

Yes, the stock market is open on Martin Luther King Jr. Day.

However, it is a federal holiday, and banks and government offices are closed. So, the trading volume is usually low on this day. Every year on the third Monday in January, the United States celebrates Martin Luther King Jr. Day as a federal holiday.

It is a day to honor the civil rights leader Martin Luther King Jr. and his contributions to American society. The stock market, however, remains open on this day. It is important to note that some individual stocks may not trade on this day due to low liquidity, and trading volumes may be lower than normal.

Additionally, some financial institutions may have modified hours or reduced staff on this day. It is always advisable to check with your specific broker or financial institution for their schedule.

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all of the following are aspects of commerical agriculture except:
a. a heavy reliance on machinery
b. the product is consumed off the farm
c. there is little relationship to other businesses
d. a small percentage of the workforce is engaged directly in agriculture
e. the average size of farms is hundreds of acres

Answers

c. There is little relationship to other businesses. Commercial agriculture is an agricultural system that uses advanced technologies to produce crops and livestock in large quantities for sale.

There are many aspects of commercial agriculture, including a heavy reliance on machinery, the sale of products off the farm, the use of chemical fertilizers and pesticides, and more. However, one of the options listed is not an aspect of commercial agriculture. The answer to the question is c. there is little relationship to other businesses.

It is the correct statement because commercial agriculture is closely linked to other businesses such as food processing, packaging, transportation, and marketing. The relationship between agriculture and other businesses is essential to the success of commercial agriculture as these businesses help to process, distribute and market the products of commercial agriculture to consumers.

Commercial agriculture is characterized by a small percentage of the workforce engaged directly in agriculture, an average farm size of hundreds of acres, and the use of advanced technologies to increase production yields.

This type of agriculture is widely used in developed countries and plays a significant role in feeding the growing population. The answer to the question is c. there is little relationship to other businesses. The statement is not an aspect of commercial agriculture.

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Question Number 3) Toyota sources parts from suppliers globally, ships them to manufacturing plants all over the world for vehicle assembly, and sells the finished new automobiles to end consumers through an international network of franchised and company-owned dealerships. The process by which the company manages upstream and downstream value-added flows of materials, final goods, and related information is known as __________

Answers

The process by which the company manages upstream and downstream value-added flows of materials and related information is known as supply chain management.

What is supply chain management?

Supply chain management can be defined as the movement of products or goods and service from one location to another location.

Supply chain management is important as it makes it easy for companies to moves their raw materials as well to distribute their finished goods to end users or final consumer.

Inconclusion the process by which the company manages upstream and downstream value-added flows of materials is known as supply chain management.

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4. What difference does it make if the United States is viewed as a
land of victims or a land of opportunities?

Answers

Answer:

America is known as the land of opportunity, where one could achieve anything they put their mind to, no matter who they are. Thousands of people immigrate to the United States every year from different parts of the world to have access to these kinds of opportunities. This is what is known as "the American dream".

Explanation:

because psas are a special class of advertising, fcc rules require

Answers

FCC rules require certain special classes of advertising to contain specific disclosures or disclaimers. These rules are designed to ensure that consumers have access to accurate and complete information about the products or services being advertised.

Some examples of special classes of advertising that require FCC disclosures or disclaimers include:

Advertisements that make false or misleading claims about the effectiveness or safety of a product or service.

Advertisements that use testimonials or endorsements from celebrities or other third parties without disclosing any potential conflicts of interest.

Advertisements that use humor, satire, or other creative techniques to convey a message, but that could be misunderstood by consumers.

Advertisements that target children or other vulnerable populations with misleading or inappropriate content.

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-1.2= y/2.4 -1.7Solve for y If f(x)=x^5+, 5 then what is the remainder when f(x) is divided by x+2 Somebody help me so I can give yall some points at the southern tip of the liaodong peninsula in china is the focus of bi-national relationships and has one of the world's largest and most modern port facilities. The equilibrium constant Kc for the reaction below is 0.00497 at a certain temperature.Br2(g) 2Br(g)If the initial concentrations are [Br2] = 0.0518 M and [Br] = 0.0532 M, calculate the concentrations of these species at equilibrium.[Br2]= M[Br]= M At type of study is described? a company that manufactures light bulbs selects 3 bulbs at random. these bulbs are then tested to see how many hours they last. a video game store wants to discontinue one of the gaming consoles they Which of the following events in the late nineteenth century represents the continuation of the process described in the passage above?Dawes Act a block measuring 20cm by 10cm by 5cm rests on a flat surface. The block has a weight of 3N. Determine the maximum pressure it exerts on the surface After taking several psychology courses, Isaac decides that he believes conscious experiences significantly shape people, their free will, and their potential for psychological self-direction. Isaac's beliefs MOST align with which school of thought one of the changes proposed by the single european act was to abolish the restrictions placed on foreign truckers what is the value of A?? A box of rice costs $2.99 for 62 oz. What is the unit cost for 1 oz? a researcher who tries to discover the most important or most basic personality traits that exist is taking a(n) approach a researcher who tries to discover the most important or most basic personality traits that exist is taking a(n) approach essential-trait typological many-trait single-trait What connection can be drawn between the use of automobiles and acid rain in canada? provide your answer in two sentence Which of these individuals has a sedentary lifestyle? ETHICS Franky is a famous model for the SuperStrong baby food company. His mum, Sheila, as one of the representatives of SuperStrong, has access to the database on all of SuperStrong's customers, including their purchase histories and contact details. Sheila was recently contacted by one of SuperStrong's competitors about the possibility of working for them. Franky will be paid 3 times his current salary and would be able to go on TV advertisements, but the condition is that Sheila has to provide them with information about SuperStrong's customers.Sheila has reviewed Franky's contract and found nothing in it that prevents Franky from working for a competitor. She is also convinced that no one would find out even if she provided the information and the benefits package offered is very tempting. In any case, she was assured that the information would be used "for reference purposes only. Use Laudon and Laudon's model of ethical reasoning to analyse the BIS ethical dilemma presented in this scenario and propose an appropriate resolution for the dilemma. You need to specify and apply each step of the model. Generic answers will not be accepted. which one of the following molecules has the highest boiling point? you will explain why in the next question. responses 3-methoxy-1-propanol 3-methoxy-1-propanol 1,2-dimethoxyethane 1,2-dimethoxyethane 1,4-butanediol 1,4-butanediol 1,1-dimethoxyethane 1,1-dimethoxyethane 2-methoxy-1-propanol Is -2g/4h a monomial number Greece's many hills were important to early Greek city-states because they:A. Forced Greek leaders to form a united government.B. Stopped the Persian Empire from attacking Greece.C. Gave Greek farmers a place to graze their animals.D. Allowed Greece to trade with other countries. Awarding 50 points for a quick, correct answers.(Reupload, as the last one was taken by someone being rude, and not helpful.)What are the 3 major types of vertebrae and how can you tell the difference between each?List and describe the 6 types of synovial joints.