A Company with the Most Experienced Production Employees and the Lowest

question 50

Multiple Choice

A company with the most experienced production employees and the lowest unit costs in its industry indicates that it had benefited from

• A)learning effects.
• B)experience curve efficiencies.
• C)economies of scope.
• D)economies of scale.

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Definitions:

Effective

Having the desired result or impact; being successful in producing a specific outcome or effect.

Motivational Potential

The capability or capacity of a particular task, role, or environment to elicit motivation from individuals.

Share Price

The cost of a single share of stock in a company, which fluctuates based on market conditions and the company's financial performance.

Job Enrichment

A strategy in human resource management that involves enhancing a job's complexity and depth to increase employee satisfaction and productivity.