Table 8-8 Elegant Settings Manufactures Stainless Steel Cutlery

question 208

Multiple Choice

Table 8-8
$\begin{array}{|c|c|}\hline \begin{array}{c}\text { Quantity } \\\text { (sets) }\end{array} & \begin{array}{c}\text { Long-Run } \\\text { Average Cost }\end{array} \\\hline 100 & \$ 40 \\\hline 200 & 35 \\\hline 300 & 30 \\\hline 400 & 30 \\\hline 500 & 35 \\\hline\end{array}$ Elegant Settings manufactures stainless steel cutlery. Table 8-8 shows the company's cost data.
-Refer to Table 8-8.Elegant Settings experiences

• A) economies of scale up to an output level of 400.
• B) diminishing returns up to an output level of 400.
• C) increasing returns beyond an output level of 400.
• D) economies of scale at an output of 300 or less and diseconomies of scale at an output level above 400.

Recognize the evolution and stages of quality management since World War II.

Understand managerial effectiveness in multicultural and ethical contexts.

Grasp the significance of sustainability and environmental considerations in corporate strategy.

Comprehend the implications of offshoring and the distribution of manufacturing jobs.

---

Definitions:

Peer Group

A social group consisting of individuals of similar age, interests, or status, influencing behaviors and attitudes.

Social Interactions

The dynamic, reciprocal exchanges between two or more individuals, including verbal and non-verbal communication.

Church

A building used for public Christian worship or a Christian religious organization.

School

An institution designed for the teaching of students under the direction of teachers, typically involving a series of levels in the education system.