Which One of the Following Statements Explaining Some Aspect of Economies

question 33

Multiple Choice

Which one of the following statements explaining some aspect of economies of scale is best?

• A) A larger facility usually has a smaller total fixed cost.
• B) A 100-bed hospital costs more to build than twice the cost of a 50-bed hospital.
• C) With higher volumes, the process shifts toward flexible flows, with resources dedicated to individual products.
• D) Dedicating resources to individual products reduces changeovers and setups.

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Definitions:

Drive

An internal state that motivates individuals towards certain actions or behaviors to satisfy needs or achieve goals.

Need

A requirement essential for an organism's survival or well-being, as well as a strong desire for something.

Want

A desire for something that is not necessarily needed but is desired for personal satisfaction or fulfillment.

Drive Theory

A psychological theory suggesting that motivation is driven by an organism's need to fulfill physiological needs in order to maintain homeostasis.