Which of the Following Statements Are True If Optimum Benefit

question 51

Multiple Choice

Which of the following statements are true if optimum benefit is to be derived from the budget process?

• A) Employees participate in the development of the budget.
• B) Targets should include slack to enable easy achievement.
• C) Rewards are not required.
• D) Employees participate in the development of the budget AND rewards are not required.

Understand the concept of economies of scale and its impact on long-run average total cost.

Identify the relationship between input changes and output changes in relation to economies, diseconomies, and constant returns to scale.

Analyze the effects of scaling inputs on output and cost in the context of economies and diseconomies of scale.

Interpret diagrams related to economies and diseconomies of scale, minimum efficient scale, and constant returns to scale.

---

Definitions:

Performance Evaluation

The process of assessing an individual's job performance based on established criteria.

Mobile Phone Calls

Telephone calls made using mobile devices, allowing for communication without the need for fixed lines.

Hiring Professionals

The act of employing individuals with specialized skills or knowledge for a specific role.

Conservative Clothing

Apparel that is modest, traditional, and typically adheres to formal or professional dress codes.