If an Increase in the Size of a Factory Results

question 55

Multiple Choice

If an increase in the size of a factory results in reductions in minimum average costs,this is known as:

• A) Marginal cost pricing.
• B) Diminishing marginal returns.
• C) Rising average total cost.
• D) Economies of scale.

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Definitions:

Web-based HR

Human Resources management systems and activities conducted over the internet to streamline HR processes.

Enterprise Portals

Enterprise portals are web-based platforms that provide employees with customized and secure access to a wide range of applications and services relevant to their roles within the organization.

Forensic Reporting

Involves the creation of detailed financial reports that are used in legal proceedings or to investigate fraud or financial misconduct.

Transactional Activities

Business processes or tasks that involve the exchange of goods, services, or funds between parties.