A Set of Tasks or Activities That Addresses the Main

question 69

Multiple Choice

A set of tasks or activities that addresses the main value-added activities of an organization is a:

• A) process.
• B) primary process.
• C) support process.
• D) development process.

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Definitions:

Average Costs

The total costs of production divided by the number of units produced, representing the cost per unit.

Returns To Scale

The change in output resulting from a proportional change in all inputs in the production process; can be increasing, constant, or decreasing.

Increasing Returns To Scale

See Economies of scale.

Economies Of Scale

Exist when average costs fall as output increases.