According to the Optimal Output Rule, If the Marginal Benefit

question 146

Essay

According to the optimal output rule, if the marginal benefit is:
A.more than the marginal cost, an activity should be reduced.
B.less than the marginal cost, an activity should be increased.
C.equal to the marginal cost, net benefit is maximized.
D.more than marginal cost, net benefit is maximized.

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Definitions:

Real-Time Control

The automatic control of processes and operations exactly at the time of occurrence, without any delay.

Concurrent

Occurring or existing simultaneously or side by side.

Feedforward

A communication process that focuses on providing future-oriented feedback or information to guide actions and improve outcomes before tasks are executed.

Internal Auditing

An objective assurance and consulting activity designed to add value and improve an organization's operations, focusing on internal control effectiveness and risk management.