Which of the Following Implies Reduced Unit Costs as the Range

question 36

Multiple Choice

Which of the following implies reduced unit costs as the range of products offered increases inputs in producing multiple products?

• A)Diseconomies of scale.
• B)Economies of scale.
• C)Economies of scope.
• D)Diseconomies of scope.
• E)Constant returns to scale.

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Definitions:

Performance Review Meeting

A scheduled meeting between an employee and their supervisor to discuss the employee's job performance, goals, and development needs.

Balanced Scorecard Approach

A strategic planning and management system that organizations use to align business activities to the vision and strategy, improve internal and external communications, and monitor organizational performance.

360-Degree Evaluation

A performance evaluation done by different people who interact with the employee, generally on forms compiled into a single profile for use in the evaluation meeting conducted by the employee’s manager.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences through study, experience, or teaching.