Scenario B. Three students-Bernardo, Astrid, and Rajiv-are discussing how to improve efficiency in a manufacturing context. Bernardo says that the company must work toward achieving lower costs per unit of production. Rajiv believes that the company should use the same resources to make more related products. Astrid holds that avoiding the costs of growing too large and creating waste will improve efficiency.In Scenario B, Bernardo, by saying that the company must work toward achieving lower costs per unit of production, is advocating for
A. economies of scope.
B. economies of scale.
C. economies of size.
D. diseconomies of scope.
E. diseconomies of scale.
Answer: B
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When the current year's ending inventory amount is overstated, the
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The Sarbanes-Oxley Act (SOX) requires each issuer of securities to disclose whether it has adopted a code of ethics for its senior financial officers and the contents of that code.
Answer the following statement true (T) or false (F)
When Irvin went into Lowe's to buy his wife a small tool set she said she wanted, the sales clerk suggested a larger set with a tool kit on wheels that included a router and circular saw. In this example, the sales clerk engaged in:
A. suggestion selling B. trading up C. bait and switch D. customer relationship retailing E. service-disguised selling
Which of the following contracts requires a writing under the UCC, Article 2?
A. Jeremy, a full-time student, sold his snow blower to a friend for $450. B. Kayla, a full-time student, purchased a used computer from Office Plus for $300. C. A toy manufacturer contracted to sell dolls valued at $10,000 to a department store. D. Tobias Department Store contracted to sell Jenny a $400 doll.