If the Output Rate Is Increased but the Average Unit

question 136

Multiple Choice

If the output rate is increased but the average unit costs also increase, we are experiencing:

• A)market share erosion.
• B)economies of scale.
• C)diseconomies of scale.
• D)value-added accounting.
• E)step-function scaleup.

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Definitions:

Negligence Claim

A legal action taken when someone's failure to exercise a reasonable standard of care results in harm or loss to another person.

Defences Available

This phrase refers to various legal arguments and strategies that a defendant can legitimately rely on to challenge or negate the claims made against them in a court of law.

Insurable Interest

a requirement that a person seeking to take out insurance has a legitimate interest in safeguarding the insured object against loss or damage.

Insurance Claim

A formal request to an insurance company asking for payment based on the terms of an insurance policy.