Which of the Following Products Is Least Likely to Be

question 122

Multiple Choice

Which of the following products is least likely to be produced in a process operations system?

• A)Compact disks
• B)Slacks for casual wear
• C)Baseball hats
• D)Calculators
• E)Custom cabinets

---

Definitions:

Credit Cost Curve

Graphical representation of the sum of the carrying costs and the opportunity costs of a credit policy.

Carrying Costs

Expenses associated with holding inventory, including storage, insurance, and opportunity costs.

Opportunity Costs

The cost of foregoing the next best alternative when making a decision.

Credit Policy

Guidelines that a company follows to determine the creditworthiness of customers, the terms of credit to extend, and how to collect payments.