The ______ Refers to the Invisible Barriers to Advancement in Business

question 82

Multiple Choice

The ______ refers to the invisible barriers to advancement in business to women and minority employees.

• A) sticky floor
• B) ceiling fan
• C) escalator
• D) glass ceiling

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Definitions:

Economies of Scale

The cost advantage that arises with increased output of a product, as the fixed costs are spread over more units of production.

Diseconomies of Scale

This occurs when a company grows so large that the costs per unit increase.

Levels of Output

Levels of output refer to the quantity of goods or services produced by a firm or industry over a specific period.

Economies of Scale

The cost advantages that enterpises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.