____ Are General Statements of Direction or Action That Communicate

question 61

Multiple Choice

____ are general statements of direction or action that communicate and support DBA goals.

• A) Standards
• B) Policies
• C) Documentation
• D) Procedures

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Definitions:

Diseconomies of Scale

The phenomenon where, as a firm scales up its production, the per unit cost starts to increase, typically due to inefficiencies.

Economies of Scale

Economies of scale occur when a company reduces costs per unit due to an increase in production, typically achieved through operational efficiency and larger volume production.

Constant Returns to Scale

A situation in production where increasing all inputs by a certain factor results in output increasing by the same factor, indicating proportionate scalability.