In Which of the Following Types of Reports Should You

question 60

Multiple Choice

In which of the following types of reports should you announce your decision immediately in the opening?

• A)Summary
• B)Justification
• C)Yardstick
• D)Feasibility

---

Definitions:

Socially Efficient

A condition where resources are allocated in a way that benefits society as a whole and maximizes overall welfare.

Marginal Cost

Marginal cost is the change in total cost that arises when the quantity produced is increased by one unit; it is the cost of producing one additional unit of a product.

Quantity Of Output

The total amount of goods or services produced by a firm or economy within a specific period.

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium is not achieved due to market failures or interventions.