Which Barrier to Entry Uses Cost Advantages Associated with Large

question 119

Multiple Choice

Which barrier to entry uses cost advantages associated with large size?

• A) rivalry among existing firms
• B) switching costs
• C) cost disadvantages independent of size
• D) capital requirements
• E) economies of scale

Comprehend the structure and purpose of a general ledger in financial accounting.

Identify the characteristics and classification of different types of accounts (asset, liability, equity, revenue, and expense).

Recognize the role and construction of T-accounts in the accounting process.

Understand the function of financial statements and their components.

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Definitions:

Cost-benefit Analysis

A systematic approach to estimate the strengths and weaknesses of alternatives, used to determine the best option in terms of benefits outweighing costs.

Duty-based Ethics

An ethical theory that emphasizes duties or moral rules as the basis for judging the ethicality of actions.

Corporate Social Responsibility

A business approach that involves participating in initiatives that benefit society, including ethical, environmental, and philanthropic efforts.

Corporate Social Responsibility

A business model that incorporates self-regulation into a company's business model to positively impact society socially, economically, and environmentally.