Someone Once Said That Chevrolet Is So Large That If

question 129

Multiple Choice

Someone once said that Chevrolet is so large that if it shakes its tail, its takes two years for its head to notice it.This is an example of

• A)profit centers
• B)economies of scale
• C)diseconomies of scale
• D)diminishing marginal returns
• E)diminishing marginal cost

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, with holders usually having a right to vote on corporate matters.

Payment Of Dividends

The distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.

Managerial Employees

Employees who are responsible for directing and controlling the operations of a business or its subdivisions.

Quorum Requirements

The minimum number of members that must be present at a meeting to legally conduct business.