A Good Example of a Programmed Decision Is To

question 67

Multiple Choice

A good example of a programmed decision is to:

• A) place poor performing students on probation at a pre-established minimum grade average.
• B) initiate an external audit when charitable deductions reported on the tax form exceed a certain limit.
• C) reorder inventory automatically when it falls to a certain level.
• D) None of the options listed
• E) All of the options listed

---

Definitions:

Marginal Revenue

The additional revenue generated from selling one more unit of a good or service.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be either positive or negative.

Externality

Actions of one party impose costs or benefits on a second party.

Economy of Scale

The cost advantages that enterprises obtain due to their scale of operation, typically resulting in decreased per-unit cost as production increases.