Which Statement Is True

question 142

Multiple Choice

Which statement is true?

• A)The higher the concentration ratio,the higher the degree of oligopolization.
• B)The lower the concentration ratio,the higher the degree of oligopolization.
• C)The concentration ratio remains constant as the degree of oligopolization rises.
• D)There is no relationship between the concentration ratio and the degree of oligopolization.

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Definitions:

Uncontrollable Costs

Expenses over which a manager or business has no direct control, often determined by external factors.

Production Manager

A professional responsible for overseeing the production process within a manufacturing facility, ensuring that goods are produced efficiently, safely, and meet quality standards.

Responsibility Centre

A unit within an organization, such as a department or division, whose manager is accountable for specific financial and operational outcomes.

Controllable

Refers to costs or factors within a business that can be managed or influenced by decisions made by the company.