Which of the Following Is an Example of a Measure

question 15

Multiple Choice

Which of the following is an example of a measure of continuous metrics?

• A) four errors revealed in an invoice
• B) a delivery delayed by seven days
• C) weight and volume of a sheet of steel
• D) three incomplete orders on a day

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Definitions:

Maximize Profit

The strategy of making business decisions that increase the difference between total revenue and total cost to the highest possible level.

Firm's Profit

The financial gain realized when a firm's total revenues exceed its total expenses.

Productive

refers to the ability to produce goods or services efficiently, especially in terms of output per unit of input.

Wages

Payments made to employees for their labor, typically calculated on an hourly, daily, or piecework basis.