_____ Are Changes That Occur Over Extended Periods of Time

question 23

Multiple Choice

_____ are changes that occur over extended periods of time.

• A) Waves
• B) Trends
• C) Profiles
• D) Rates

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Definitions:

Optimum Operating Level

The level of operation at which a company or system achieves its best performance in terms of efficiency and cost-effectiveness.

Diseconomies Of Scale

Diseconomies of Scale arise when a company or business grows so large that the costs per unit increase, leading to inefficiency and increased production costs.

Utilization

The ratio of the actual output of a facility to its potential output under full capacity, usually expressed as a percentage.

Efficiency

Actual output as a percent of effective capacity.