Which Term Refers to Increases in Unit Costs as Production

question 25

Multiple Choice

Which term refers to increases in unit costs as production increases?

• A) vicious circle
• B) economies of scope
• C) diseconomies of scale
• D) experience curve effects

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Definitions:

Psychological Contract

The unwritten, implicit expectations and beliefs about the relationship between an employer and its employees.

Job Enrichment

A method of motivating employees by enhancing the quality and variety of their work tasks and responsibilities.

Job Satisfaction

The level of fulfillment or contentment an individual experiences with their job, including aspects such as work environment, role clarity, and recognition.

Positively

In a manner that is optimistic or constructive, often emphasizing the good aspects of a situation or contributing positively towards an outcome.