Which One of the Following Performance Measures Is Not True

question 82

Multiple Choice

Which one of the following performance measures is not true of a world class firm?

• A) short time placing an order
• B) high percentage of accepted material
• C) large lead time
• D) high percentage of on-time deliveries
• E) low number of shortages per year

---

Definitions:

Equilibrium Price

The equilibrium price where the supply of goods meets consumer demand.

Horizontal Supply Curve

Represents a market situation where the supply of a good is perfectly elastic, indicating the supplier is willing to sell any quantity at a fixed price.

Linear

A straight-line relation in mathematics that expresses a constant rate of increase or decrease between variables.

Deadweight Loss

A loss in economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.