Choose the Statement That Is Incorrect

question 55

Multiple Choice

Choose the statement that is incorrect.

• A)A firm coordinates a particular set of activities if it can do so at a lower cost than a market.
• B)Firms can achieve economies of scale.
• C)Firms can achieve economies of scope.
• D)Firms can eliminate transactions costs.
• E)Firms do not practice outsourcing.

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Definitions:

Poverty

A condition where individuals or communities lack the financial resources to meet basic needs such as housing, food, and healthcare.

Elderly Persons

Refer to individuals who are in the later stage of life, typically aged 65 years and older, often defined in terms of their social roles, physical health, and mental capabilities.

Acute Illnesses

Health conditions that develop suddenly and have a short course, often requiring prompt or immediate care, in contrast to chronic illnesses.

Prostate Cancer

A form of cancer that occurs in the prostate, a small walnut-shaped gland in men that produces seminal fluid.