​The Following Information Is Given for a Company:
​ Calculate the (A) Process Yield for Process A, (B) Process

question 49

Essay

​The following information is given for a company:
​ $$\begin{array} { l c l } & \text { Process A } & \text { Process B } \\\text { Units passing inspection } & 8,800 \text { units } & 3,000 \text { units } \\\text { Units entering process } & 10,000 \text { units } & 5,000 \text { units }\end{array}$$ Calculate the (a) process yield for Process A, (b) process yield for Process B, and (c) overall process yield.

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Definitions:

Opportunity Cost

The financial loss associated with rejecting the subsequent preferable choice when deciding or selecting amongst various options.

Specialization

The process of focusing on and becoming expert in a particular subject or skill, or of businesses, regions, or nations concentrating on producing certain goods or services.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, essentially what is given up when choosing one option over another.

Specialization

The practice of focusing effort on a particular field or discipline, leading to increased efficiency and expertise in that area.