Much of the Research on the Minimum Efficient Scale Suggests

question 43

Multiple Choice

Much of the research on the minimum efficient scale suggests that for many firms,economies of scale are:

• A)relatively modest.
• B)nonexistent.
• C)substantial.
• D)heavily dependent on the minimum efficient scale of the firm's production process.

Recognize the role of tactical decisions in aggregate planning, including loading, sequencing, expediting, and dispatching.

Calculate the effective annual rate (EAR) for different compounding frequencies.

Determine the number of payments or the duration required to repay a loan under various interest rates and compounding periods.

Identify the necessary rate of return to meet a specific financial goal.

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Definitions:

Off-Delay Timer

An electromechanical relay with contacts that change state a predetermined time period after power is removed from its coil; on re-energization of the coil, the contacts return to their shelf state immediately; also, a programmable logic controller instruction that emulates the operation of the electromechanical off-delay relay.

Ladder Rung

A single line of logic in a ladder diagram that equates to a control circuit, usually comprised of inputs and outputs represented by symbols.

Relay Coil

A component in electrical and electronic engineering that produces a magnetic field when electric current flows through it, typically used to control a circuit by opening or closing connections in another circuit.

Time Delay

A predetermined period before an action takes place in a circuit or system, often used for timing control in automation.