Michael Just Graduated from College with a Business Degree

question 51

Multiple Choice

Michael just graduated from college with a business degree. He is ready to conquer the world. His confidence in his ability is high and he feels that he has acquired many tools to work through business-related problems during his time in school. Michael is feeling which factors associated with psychological empowerment?

• A) high meaningfulness and impact
• B) high competence and low impact
• C) high competence and self-determination
• D) low meaningfulness and high self-determination

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Definitions:

Diseconomies of Scale

The phenomenon where, beyond a certain point, the cost per unit increases as the scale of operations expands.

Firm Size

A measure of a company's scale or magnitude, often estimated by metrics like sales, assets, or the number of employees.

Acquisition

It refers to the process or action by which one company takes over another company, either through purchase of its shares or assets.

Economy of Scale

Economy of Scale refers to the cost advantage that arises with increased output of a product, as fixed costs are spread out over more units of production.