Form Utility Is Created by Converting Raw Materials, People, Finances

question 124

True/False

Form utility is created by converting raw materials, people, finances, and information into finished products.

---

Definitions:

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Incremental Revenue

Additional income generated from selling more units of a product or from launching a new product or service.

Relevant Information

Information that is applicable and crucial to the decision-making process, having the ability to affect the outcome of a decision.

Opportunity Cost

The value of the best alternative foregone as a result of choosing a different option.