A bank is said to have ____ when its average costs decline as its volume of sales increases.
A. economies of scope.
B. economies of scale.
C. cost diminution.
D. decreasing returns to scale.
Answer: B
You might also like to view...
What should you do when you take the podium for the speech?
a. Let yourself be nervous; it is just expected. b. Stare at the audience. c. Visualize yourself succeeding. d. Greet the audience cheerfully.
According to the Foreign Corrupt Practices Act of 1977 (FCPA), companies that have securities listed on U.S. markets must make and keep financial records that accurately and fairly reflect the transactions of the company and design and maintain an adequate system of internal accounting controls
a. True b. False Indicate whether the statement is true or false
Secondary data consist of ________
A) information collected for the specific purpose at hand B) data that does not age C) information that already exists somewhere, having been collected for another purpose D) information collected from conducting personal, in-depth interviews E) data that is unreliable and unsuitable for the purpose of making marketing decisions
Many different laws may apply to a single business transaction.?
Indicate whether the statement is true or false