Which of the Following Situations Is One in Which a Least-Cost

question 100

Multiple Choice

Which of the following situations is one in which a least-cost decision would be used?

• A) Deciding whether to replace existing machinery or keep the old
• B) Deciding whether to buy a new delivery truck
• C) Deciding which of three pieces of safety equipment should be purchased in order to comply with state regulations
• D) Deciding whether to invest in a new warehouse or an updated computer system

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Definitions:

State of Incorporation

The specific U.S. state in which a company is legally registered to do business.

Principal Place of Business

The primary location where a business's executive and management activities are conducted or where its central administration is based.

Business

An organized effort by individuals to produce and sell, for a profit, the goods and services that satisfy society's needs.

Settled

Resolved or finalized, especially in the context of legal disputes or agreements.