Economies of Scale Is Another Term for

question 230

Multiple Choice

Economies of scale is another term for

• A)increasing returns to scale.
• B)constant returns to scale.
• C)increasing marginal physical productivity.
• D)decreasing returns to scale.

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Definitions:

Predictable Hierarchy

A clearly defined structure in an organization or system where positions and roles are ranked according to levels of authority and responsibility in a predictable manner.

Self-Actualization

The accomplishment or actualization of individual capabilities and possibilities, viewed as a fundamental motivation or requirement in each person.

Maslow's Needs Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated by five levels of needs: physiological, safety, love/belonging, esteem, and self-actualization.

Physiological And Safety

Referring to the basic needs outlined in Maslow's hierarchy, including physical well-being and security from physical danger.