Increasing Returns in Production Imply the Following, Except

question 220

Multiple Choice

Increasing returns in production imply the following, except

• A) increasing labor-requirements per unit of output.
• B) decreasing per-unit production costs.
• C) economies of scale.
• D) an increase in the productivity of inputs.

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Definitions:

Uncollectible Accounts

Accounts receivable that are considered irrecoverable and are written off as a loss by a business.

Perpetual Inventory System

A method of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Aging of Receivables Analysis

A method used to assess the financial health of a company's accounts receivable by categorizing outstanding invoices by their due dates.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that is expected not to be collected.