MULTIPLE CHOICE QUESTIONS 1. \"As the number of units produced increases, the co

Question

MULTIPLE CHOICE QUESTIONS 1. "As the number of units produced increases, the cost of producing each unit decreases" is known as a) competitiveness b) economies of scale c) scientific management d) none of the above 2. Activities in operations management include all of the following except a) organizing work b) controlling quality c) establishing demand d) managing inventory 3. Productivitv increases when a) firms become less efficient b) input is increased and output decreases c) output increases while input decreases d) input and output remain the same Barriers of entry to new firms include all the following except a) economies of scale b) capital investment c) access to supply and distribution channels d) inventory forecasting 4. 5. In operations, the transformation process can be a) physical b) locational c) psychological d) all of the above

Explanation / Answer

1. This is called economies of scale.

2. organizing work

3. output increases and input decreases

4.inventory forecasting

5.all of the above

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