Increasing the Efficiency of Necessary Activities by Using Economies of Scale

question 72

Multiple Choice

Increasing the efficiency of necessary activities by using economies of scale is known as

• A) activity inputs.
• B) activity sharing.
• C) control activities.
• D) cycle time.

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Definitions:

Managerial Decision Making

The process by which managers select among available options to solve problems and take advantage of opportunities to achieve organizational goals.

Regulators

Authorities or agencies responsible for enforcing laws and regulations in specific sectors to ensure compliance and protect public interest.

Government Agencies

Organizations established by a government to perform specific functions or services according to legal mandates.

Laws

Regulations and rules established by governments or other authorities to govern behavior and actions in a society.