Which of the Following Is Not a Factor That Automatically

question 93

Multiple Choice

Which of the following is not a factor that automatically pushes firms in pure competition to earn only normal profits in the long run?

• A)entry of new firms
• B)exit of some firms
• C)changes in the firms' plant size
• D)changes in the market demand

Recognize the consequences of brain drain and capital flight on developing economies.

Understand the role of technology in enhancing economic efficiency.

Understand the significance of protecting intellectual property rights and the impact of international agencies like the World Bank on development.

Understand the concept of external validity in research studies.

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Definitions:

Employee Involvement

The degree to which employees are encouraged to share their ideas and suggestions, potentially contributing to improved decision-making and productivity.

Indirect Manufacturing Functions

Activities necessary for production that do not directly involve the transformation of materials into finished products, such as maintenance and supervision.

Lean Accounting System

An approach to accounting that focuses on reducing waste, improving efficiency, and providing value to customers.

Transactions

Business events that have a monetary impact on the financial statements of an organization.