Which One of the Following Is Non-Financial Information That Management

question 26

Multiple Choice

Which one of the following is non-financial information that management might evaluate in making a decision?

• A)opportunity costs of a decision
• B)contribution margin
• C)the effect on profit of a decision
• D)the corporate profile in the community

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Definitions:

Industry Concentration

A measure of the degree to which a small number of firms dominate total industry output, sales, or employment.

Process Innovation

Introduction of a new or significantly improved production or delivery method, enhancing efficiency or quality.

Legal Protection

Measures and regulations established by law to safeguard individuals, businesses, and their intellectual properties against infringement and harm.

Original Innovators

Original Innovators are individuals or organizations that first develop a new product, process, or technology, paving the way for future developments and innovations.