The Growth in the Scope of Business Enterprises for Most

question 32

Multiple Choice

The growth in the scope of business enterprises for most of the 19th and 20th centuries can be attributed to a drop in administrative costs of firms relative to the transaction costs of market.This resulted from:

• A)The monopolistic power of large firms to raise prices and push down wages
• B)Globalization
• C)The growing transaction costs of markets as a result of taxes,regulation,and litigation
• D)Innovation in information and communications technology and in management

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Definitions:

Bureau of Labor Statistics

A U.S. government agency responsible for collecting and analyzing economic data related to labor market activity, working conditions, and price changes.

Human Resource Policies

Guidelines and protocols established by an organization to manage its employees, covering aspects like recruitment, discipline, compensation, and benefits.

Injury and Illness Trends

Patterns or changes over time in the incidence of workplace injuries and illnesses.

Falsifying Records

The illegal practice of altering or fabricating documents, data, or records with the intent to deceive or mislead.