Compared to a Firm That Has Many Small Plants, a Firm

question 95

Multiple Choice

Compared to a firm that has many small plants, a firm with a few large plants is likely to have all of the following except which one?

• A)fewer inputs
• B)greater managerial diseconomies
• C)greater availability of specialized capital
• D)less managerial diseconomies

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Definitions:

Credit Sales

Credit sales are transactions where the customer purchases goods or services with an agreement to pay at a later date.

Cash Budget

A cash budget is a financial plan that estimates cash inflows and outflows over a specific period of time.

Housekeeping Budget

A financial plan allocating funds to maintain cleanliness, equipment, and supplies for housekeeping operations within an organization.

Occupied Rooms

In the context of hotel management, the number of rooms that are currently being used by guests.