INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 2

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-Uninsured motorist insurance is quite [expensive | inexpensive].

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Idle Capacity

The unused portion of a company's production or service capacity, where resources are available but not being fully utilized.

Minimum Acceptable Price

The lowest price at which a seller is willing to sell a product or service, often determined by costs, market conditions, and profitability goals.

Special Order

A one-time customer order often requiring a deviation from the standard product line or service offerings, potentially at a different pricing or cost structure.

Outside Supplier

An external entity that provides goods or services to a company, often used in the context of manufacturing or production.