State Whether Each of the Following Scenarios Shows Economies of Scale

question 132

Essay

State whether each of the following scenarios shows economies of scale or diseconomies of scale.
a)Increase firm size leads to greater problems in communication between the firms major stakeholders.
b)Increase firm size creates coordination problems among departments.
c)Increase firm size leads to greater specialization of management.
d)Increase firm size enables greater division of labour.

Differentiate between dynamic and static IP addresses.

Grasp the concept and application of major internet protocols (HTTP, FTP, TCP/IP).

Understand the structure and functionality of the Internet, including IP addressing and the domain name system.

Identify differences between packet switching and circuit switching technologies.

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Definitions:

Spreadsheet

A digital tool that allows users to organize, calculate, analyze, and visually present data in a tabular format.

Job-Order Costing

A cost accounting system that accumulates costs per job, rather than by process or period, used for unique or custom orders.

Manufacturing Overhead

All manufacturing costs that are not directly assignable to specific units of production, including indirect materials, indirect labor, and other indirect costs.

Cost of Goods Sold

The total cost associated with making the products that a company sells during a period, including labor, materials, and overhead.