Scale Economies Are Efficiencies That Result from Flattening the Hierarchy

question 85

True/False

Scale economies are efficiencies that result from flattening the hierarchy of an organization.

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Definitions:

Condition Subsequent

In a contract, a future event that terminates the obligations of the parties when it occurs.

Conditional Contract

A contract that becomes enforceable only upon the occurrence of certain conditions or the performance of a particular act.

Implied Conditions

Terms and stipulations that, although not expressly stated, are understood to be part of a contract based on the nature of the transaction.

Complete Performance

Contract performance that occurs when all aspects of the parties’ duties under the contract are carried out perfectly.