A Manufacturer Generally Wants to Set a Standard That

question 52

Multiple Choice

A manufacturer generally wants to set a standard that:

• A)Can be achieved only under the most efficient operating conditions.
• B)Is high enough to provide motivation and promote efficiency, but is still attainable.
• C)Makes no allowance for normal was or spoilage.
• D)None of these is correct.

---

Definitions:

Production Process

involves the steps, operations, and methods used to transform raw materials into finished products.

Fixed Capital

Assets and investments in physical goods or infrastructure that are used in the production process over a long period, such as machinery, buildings, and equipment.

Patents

Legal documents granted by governments that give inventors exclusive rights to their inventions for a certain period of time, preventing others from making, selling, or using the invention without permission.

Trademarks

Symbols, names, or phrases legally registered or established by use as representing a company or product.