Another Term for Personal Property Is

question 7

Multiple Choice

Another term for personal property is:

• A) fixtures.
• B) chattel.
• C) patent.
• D) realty.

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Definitions:

Diseconomies Of Scale

The situation when a firm's costs per unit increase as it produces more output, opposite of economies of scale.

ATC Curve

A graphical representation of the average total costs of production at different levels of output in economics.

AVC Curve

The average variable cost curve, which shows a firm's average variable costs of production at different levels of output.

Parkinson's Law

The adage that "work expands to fill the time available for its completion," suggesting efficiency decreases as the amount of time allocated to a task increases.