​The Simpler a Production Process, _____

question 135

Multiple Choice

​The simpler a production process, _____.

• A)the greater the cost of production.
• B)the greater the transaction cost of using markets.
• C)the more likely a firm is to use a market to organize production.
• D)the more likely a firm is to use centralized control to organize production.
• E)the lower the cost of hierarchal control and supervision.

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Definitions:

Social Constructs

Concepts, perceptions, or practices that are agreed upon by a society and can vary significantly from one culture to another.

Incest Taboo

The incest taboo is a cultural and social prohibition against sexual relations or marriage between persons considered to be closely related by blood.

Sexual Relations

Interactions between individuals involving sexual activity or behavior, which can vary widely across cultures and personal preferences.

Siblings

Brothers, sisters, or both, who share at least one common parent.