As the Cumulative Output in a Firm Increases, Managers Learn

question 119

Multiple Choice

As the cumulative output in a firm increases, managers learn how to optimize the production process and improve workers' performance through repetition.This drives down the per-unit cost.Which of the following phenomena is best described here?

• A) Learning effects
• B) Network effects
• C) Diseconomies of scale
• D) Productivity frontier

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Definitions:

Leadership Development

The process of enhancing an individual's skills and abilities to lead, guide, or influence others effectively in various situations or roles.

Systems Perspective

An approach to analysis that considers the interconnectedness and interactions between the components of a system.

Strategic Decisions

Choices made by an organization's management that have long-term implications and are crucial for achieving overarching goals.

Succession Planning

The process of identifying and developing new leaders who can replace old leaders when they leave, retire, or pass away.