The Contribution Made by an Operation to the Final Usefulness

question 98

Multiple Choice

The contribution made by an operation to the final usefulness of a product is known as:

• A) the customer service level.
• B) value-added.
• C) the cost of quality.
• D) an order winner.

---

Definitions:

Hourly Price

A pricing method where goods, services, or labor are priced per hour, commonly used in billing for professional services or wages for hourly employees.

Wage Rate

The amount of money paid to a worker per unit of time, often an hour or a year.

Alternative Technologies

Different methods or innovations that can be employed to achieve the same or improved outcomes in production or services.

Isocost Line

A graph that shows all the combinations of capital and labor available for a given total cost.