Which of the Following Items Would Be Classified as Committed

question 21

Multiple Choice

Which of the following items would be classified as committed resources (long-term) ?

• A)salaried employees
• B)depreciation on building
• C)lease on machinery
• D)both b and c

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Definitions:

Production Possibilities Frontier

A graphical representation showing the maximum quantity of different goods that a society can produce with its available resources and technology, assuming efficient use of resources.

Opportunity Cost

The cost involved when the second most advantageous option is not selected during decision-making.

Feasible Outcomes

Possible results or conclusions that can realistically be achieved in a given scenario or model.

Computerized Assembly Line

A production line in which computers control the assembly of products, enhancing efficiency, precision, and consistency.