Because Jupiter Industries is a very large company, it can use the same process to manufacture multiple related products. This type of efficiency is referred to as an economy of

A) scale.
B) production.
C) agility.
D) scope.
E) size.


D) scope.
Explanation: Large size creates economies of scope, which is when materials and processes employed in one product can be used to make related products.

Business

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CERCLA is an act that:

a. Regulates current and future generation, transportation, and disposal of hazardous waste. b. Provides limited authority for the cleanup of inactive and abandoned hazardous waste sites. c. Requires the federal government to establish a National Contingency Plan. d. Both regulates current and future generation, transportation, and disposal of hazardous waste and also provides limited authority for the cleanup of inactive and abandoned hazardous waste sites.

Business

What source of law provides that statutes and treaties made under the authority of the United States shall preempt state law?

a. The United States Constitution b. The Federalist c. The Uniform Commercial Code d. The common law

Business

The owner of a lost credit card is: A) liable for all purchases made by its finder if the card was lost through negligence

B) not liable for any purchases if the card was lost despite the exercise of reasonable care by the cardholder. C) liable for all purchases if the card originally had been sent to the cardholder without any prior request and never was used by such holder. D) not liable for more than $50 for the unauthorized use of the card.

Business

If the required return is less than the coupon rate, a bond will sell at ________.

A) par B) a discount C) a premium D) book value

Business