_____ Involves the Adoption of an Idea,process,technology,product,or Business Model That

question 34

Multiple Choice

_____ involves the adoption of an idea,process,technology,product,or business model that is either new or new to its proposed application.

• A)Concurrent engineering
• B)Total quality management (TQM)
• C)Design optimization
• D)Innovation

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Definitions:

Contribution Margin

The remaining amount of revenue after variable costs have been subtracted, indicating how much revenue is contributing to fixed costs and profits.

Incremental Manufacturing Cost

The additional cost incurred to produce an extra unit of output, excluding fixed costs.

Contribution Format

A method of income statement preparation that separates fixed costs from variable costs.

Traditional Format

A conventional method of presenting financial statements or information, typically focusing on separating costs into fixed and variable categories.