If a Firm Enjoys Lower Costs Due to a Complex

question 31

Multiple Choice

If a firm enjoys lower costs due to a complex labor-intensive process,which of the following statements would then be true?

• A)Cutbacks in volume will always raise unit costs
• B)The firm is unconcerned with labor turnover
• C)An example of this process could be the practice of anti-trust law
• D)The firm's average cost rises due to moving down the learning curve
• E)The process is likely a repetitive manufacturing process such as two-piece aluminum can manufacturing

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Definitions:

Informational

Pertaining to information, often focusing on the dissemination, processing, or use of knowledge.

Decisional

Decisional refers to anything related to the process of making decisions or choices among alternatives.

Open Systems

Transform human and material resource inputs into finished goods and services.

Multiculturalism

A socio-political philosophy or ideology that promotes the inclusion and respect of diverse cultural backgrounds within a society.