Which of the Following Statements About Maintenance at the Orlando

question 2

Multiple Choice

Which of the following statements about maintenance at the Orlando Utilities Commission is FALSE?

• A) There are at least two types of preventive maintenance, including an annual maintenance and a less frequent overhaul schedule.
• B) Its preventive maintenance program has earned the company top rankings and its competitive advantage.
• C) Each power-generating unit is taken off-line every three years for a complete overhaul.
• D) Each of its power-generating units is taken off-line for maintenance every one to three weeks.
• E) Costs associated with breakdowns are several times higher than costs arising from preventive maintenance.

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Definitions:

Price Ceiling

A government-imposed limit on the price charged for a product or service, intended to prevent prices from becoming too high.

Surplus

An amount of something left over when requirements have been met; in economic terms, this can refer to excess supply over demand in a market, leading to lower prices.

Shortage

A condition where there's more market demand for a product or service than what is supplied.

Equilibrium Price

The rate at which the volume of goods available meets the volume of goods sought.