Question Options:
constant returns to scale.
diseconomies of scale.
rising fixed costs.
economies of scale.
Answer: ECONOMIES OF SCALE.
Explanation: Economies of scale in business refers to the characteristics of a production process in which an increase in the scale of the firm causes a decrease in the long run average cost of each unit. Here, production is efficient and the best value is received from the resources available thereby making costs per unit of output will be larger.
Answer:
C
Explanation:
In a job order cost system, costs are assigned to each job or batch.
A job may be for a specific order or inventory.
Product cost are traced to individual inventory items and manufactured to order. Cost records must be maintained for each distinct product job.
A key feature to identify it is that each job or batch has its own distinguishing characteristics.
The objective of the system is to compute the cost per job.
Measures costs for each job completed, not for set time periods.
Typically used by companies that make unique or special order products, such as customized publications, built in cabinets, or made to order draperies.
The correct answer is letter D. No one number is enough. To <span>precisely measure the standard of living in a nation or economy, then no one number is enough. It is not either measured via the Gross Domestic Product (GDP) or the GDP per capita or Gross National Product.</span>
Answer:
When a taxpayer disposes of the entire interest in a passive activity, that activity is no longer subject to the passive activity rules. If the activity is disposed of in a fully taxable (as opposed to tax-deferred) transaction to an unrelated party, both current and suspended passive activity losses generated by that activity (as well as any loss on the disposition) can be deducted.
Answer: a non price position
Explanation: In simple words, it refers to a situation in which an organisation differentiates itself in the market on the basis of the quality of their product. The brand image of such organisations is so strong that customers do not care about the high prices they pay.
In the given case, Pool pak specializes their product by having best technologies and high quality.
Thus, we can conclude that the given case depicts non price posityion.