Figure 7.6.1 -Refer to Figure 7.6.1. a Movement from a to B

question 167

Multiple Choice

Figure 7.6.1
-Refer to Figure 7.6.1. A movement from A to B in the figure represents:

• A) economies of scale.
• B) diseconomies of scale.
• C) learning.
• D) economies of scope.
• E) diseconomies of scope.

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Definitions:

Process Theories

Refer to models and concepts that explain the dynamics of how processes, such as decision-making or motivation, unfold over time within organizations.

Cognitive Processes

The mental actions or processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Lower-order Needs

Basic physiological and safety needs at the bottom levels of Maslow’s hierarchy, which must be satisfied before higher-level needs can be addressed.

Maslow

Refers to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory in psychology that prioritizes human needs from basic to self-fulfillment.