A Firm That Wants to Achieve Economies of Scale Could

question 245

Multiple Choice

A firm that wants to achieve economies of scale could do so by

• A)assigning limited tasks to its employees, so they can master those tasks.
• B)employing a smaller number of workers.
• C)producing a smaller quantity of output.
• D)producing an output level higher than the efficient scale.

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Definitions:

Tedious Jobs

Work that is perceived as long, repetitive, dull, and often requiring a great deal of patience.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow in his 1943 paper "A Theory of Human Motivation," which posits that people are motivated to achieve certain needs and that some needs take precedence over others, forming a hierarchy.

Low Cost Rewards

Incentives offered by organizations that have minimal financial impact but can significantly boost employee morale and motivation.

Recognition And Praise

Acknowledgment and appreciation shown towards individuals for their achievements or contributions, often used as a motivational tool.