In his autobiography, T Boone Pickens, a geologist, entrepreneur, and oil company executive, wrote It 's unusual to find a large corporation that 's efficient When you get an inside look, it 's easy to see how inefficient big business really is Most corporate bureaucracies have more people than the...

Diseconomies of scale Diminishing returns applies in the short run when at l ...

In his autobiography, T. Boone Pickens, a geologist, entrepreneur, and oil company executive, wrote: It's unusual to

Question:

In his autobiography, T. Boone Pickens, a geologist, entrepreneur, and oil company executive, wrote:
It's unusual to find a large that's efficient.... When you get an inside look, it's easy to see how inefficient big business really is. Most corporate bureaucracies have more people than they have work.
Was Pickens describing diminishing returns or diseconomies of scale? Briefly explain.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...