For Manufactured Goods,design Blueprints Specify a Nominal Dimension Which Is

question 15

Multiple Choice

For manufactured goods,design blueprints specify a nominal dimension which is the:

• A) dimension with the least manufacturing cost.
• B) dimension with the greatest variation from the target dimension.
• C) range of permissible variation in the target dimension of the goods.
• D) specified target dimension of the goods.

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Definitions:

Contribution Margin Ratio

The contribution margin ratio is a financial metric that shows what percentage of sales revenue is not consumed by variable costs and thus contributes to covering fixed costs.

Fixed Costs

Costs that remain constant regardless of a company's level of activity, including expenses like lease payments, wages, and premiums.

Break-even Point

The point at which total costs and total revenue are equal, meaning no net loss or gain, and the business has "broken even."

Sales Dollars

A term used to represent the total value, in monetary terms, of all sales transactions within a specified period.