Which of the Following Refers to Unit Cost Increases Associated

question 49

Multiple Choice

Which of the following refers to unit cost increases associated with a large scale of output?

• A) Economies of scale
• B) Learning effects
• C) Diseconomies of scale
• D) Flexible manufacturing
• E) Mass customization

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Definitions:

Fair Value

Fair value is a financial concept determining the appropriate price point or value of an asset, liability, or transaction under current market conditions.

Administrative Expenses

These are the expenses that an organization incurs not directly tied to a specific function such as manufacturing, production, or sales. These expenditures are related to the organization's overall operations and management.

Journal Entry

A record in accounting that represents a transaction and its effect on various accounts, used to capture financial activities in the books.

Sacred Church

A term not typically used in finance or accounting; it likely refers to a religious institution considered holy or consecrated.