The fact that a large company can enjoy savings from producing goods in high volume that are not available to a small company is called ________
A) economies of scale
B) horizontal integration
C) vertical integration
D) economies of scope
Answer: A
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Which of the following statements is true of Confucianism?
A. Confucianism is a religion principally followed in India, Korea, and Japan. B. Confucianism preaches about the supernatural, the concept of a supreme being, and an afterlife. C. Confucian ethics raise the costs of doing business in China, Japan, South Korea, and Taiwan. D. Conflict between management and labor tends to be high in the countries that follow Confucianism. E. In Confucian thought, loyalty to one's superiors is regarded as a sacred duty.
Desdemona works for eInnovation, Inc Her job includes putting "spin" on the firm's successes and failures. In this context, ethics has to do with how businesspersons, in making their decisions, apply
a. legal doctrine. b. moral and ethical principles. c. corporate guidelines. d. financial priorities.