Trade Increases Production Partly by Taking Advantage Of

question 54

Multiple Choice

Trade increases production partly by taking advantage of:

• A) economies of scale.
• B) economies of scope.
• C) realism.
• D) pluralism.

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Definitions:

Clan Control

An approach to management and organizational control that relies on cultural norms, values, shared goals, and informal relationships rather than formal rules.

Internal Control

Processes and procedures implemented by an organization to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Sarbanes-Oxley Act

A United States federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

Organizational Mission

The fundamental purpose or goal that guides an organization, describing what it seeks to achieve and who it serves.