The Growth in the Scope of Business Enterprises for Most

question 32

Multiple Choice

The growth in the scope of business enterprises for most of the 19th and 20th centuries can be attributed to a drop in administrative costs of firms relative to the transaction costs of market.This resulted from:

• A)The monopolistic power of large firms to raise prices and push down wages
• B)Globalization
• C)The growing transaction costs of markets as a result of taxes,regulation,and litigation
• D)Innovation in information and communications technology and in management

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Definitions:

Endocardium

The innermost layer of tissue that lines the chambers of the heart.

Justification

The action or reason for defending or upholding a particular position, decision, or action, often by providing supporting arguments or evidence.

Extensive Reasons

Extensive reasons refer to a wide range of detailed explanations or justifications for an action, decision, or belief.

Request

An act of politely or formally asking for something.