Firmographics Involves Both Characteristics of the Composition of the Organization-Such

question 155

Multiple Choice

Firmographics involves both characteristics of the composition of the organization-such as the income distribution of employees,age,gender,and education of the workforce and organizational or business characteristics which include each of the following EXCEPT:

• A)location and size of firm
• B)industry category
• C)corporate activities
• D)corporate mission

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Definitions:

Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.

Average Total Cost (ATC)

ATC refers to the per-unit cost of production, calculated by dividing the total costs by the quantity of output produced.

Diseconomies of Scale

Increases in the firm’s per-unit costs associated with increases in firm size due to inefficiencies and monitoring problems.

Anti-Employment Discrimination Legislation

Laws designed to prevent discrimination in hiring, promotion, job assignment, termination, and compensation based on certain specified characteristics.