Which One of the Following Statements Explaining Some Aspect of Economies

question 33

Multiple Choice

Which one of the following statements explaining some aspect of economies of scale is best?

• A) A larger facility usually has a smaller total fixed cost.
• B) A 100-bed hospital costs more to build than twice the cost of a 50-bed hospital.
• C) With higher volumes, the process shifts toward flexible flows, with resources dedicated to individual products.
• D) Dedicating resources to individual products reduces changeovers and setups.

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Definitions:

Corporate Volunteering

A program where a company supports and encourages its employees to volunteer their time to community service projects or non-profit organizations, sometimes during paid work hours.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public by practicing sustainable and ethical operations.

Moral Standards

Principles or norms of behavior that distinguish between acceptable and unacceptable actions, often based on societal or personal beliefs.

Sustainability Message

A communication strategy that emphasizes the importance of maintaining ecological and environmental balance, and promoting long-term environmental health and prosperity.