Economies of scale occur when ______.
a. production is greater than demand
b. not enough is demanded at a given price
c. the cost per unit of output decreases as the volume of output increases
d. the total cost declines as the volume of output increases
c. the cost per unit of output decreases as the volume of output increases
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It is usually a good business practice to maintain as large a balance in the Cash account as possible
Indicate whether the statement is true or false
Define a successful solution using subjective measures, if possible.
Answer the following statement true (T) or false (F)
Due to the slowing economy, your university has decided to restructure its organization. It has been determined that performance, cost, and time pressures require a greater sharing and use of resources. Your university might well adopt the:
a. matrix structure b. multiple structure c. product structure d. process structure e. functional structure
Twyla buys a Voracious-brand bicycle from U-Pik-It Bike Store, which agrees to keep the bike for Twyla until she picks it up. Before Twyla gets the bike, a fire destroys the store and the bike. The loss of the bike is suffered by
A. no one. B. Voracious. C. Twyla. D. U-Pik-It.