One Problem with Firms Becoming Too Large Is That They

question 51

Multiple Choice

One problem with firms becoming too large is that they:

• A)become too easy to manage
• B)often adopt a decentralised decision-making philosophy
• C)gain increasing efficiencies
• D)usually increase bureaucratic controls

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Definitions:

Pay Demand

A request or requirement by employees for increased wages or salaries from their employer.

Expensive

Costing a lot of money; high priced.

Automation

The use of technology and machinery to perform tasks without significant human intervention, aimed at increasing efficiency, accuracy, and productivity.

Computer-controlled Machines

Machines and systems operated or controlled by computer-based algorithms, often used in manufacturing and production processes.