If the MPC Equals 0.80 Then

question 4

Multiple Choice

If the MPC equals 0.80 then:

• A)the MPS equals 1.20.
• B)the multiplier equals 0.20.
• C)the multiplier equals 1 divided by 0.80.
• D)the multiplier equals 5.
• E)none of these.

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Definitions:

Weighted Average

A calculation method that assigns different weights to different items, making some items more influential than others based on their relevance or significance.

Inventory Control

The process of managing inventory to ensure an adequate supply without excessive oversupply.

Purchase Order

A document issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services.

Approved Vendor

A supplier who meets a company's criteria for quality and service and is authorized to provide specific goods or services.