As a Firm Grows Bigger,it Becomes

question 10

Multiple Choice

As a firm grows bigger,it becomes:

• A) more effective in monitoring and motivating employees.
• B) less vulnerable to bureaucratic inertia.
• C) less efficient in R&D due to loss of managerial control.
• D) increasingly easy for individual scientists to appropriate the returns of their efforts.

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Definitions:

National Industrial Recovery Act

A 1933 U.S. law passed as part of President Franklin D. Roosevelt's New Deal to stimulate economic recovery by regulating industry production levels and increasing workers' purchasing power.

NIRA

The National Industrial Recovery Act of 1933, a key part of the New Deal, aimed at restoring economic stability by reducing unemployment and increasing purchasing power.

Industrial Cornerstone

Fundamental principles or practices that are pivotal to the development and growth of the industrial sector, including innovation, mechanization, and capital investment.

Herbert Hoover

was the 31st President of the United States, serving from 1929 to 1933, best known for his administration's failure to halt the Great Depression.