Standardization Is an Important Design Principle Reflecting

question 22

Multiple Choice

Standardization is an important design principle reflecting

• A) a reduced variety of formats
• B) improved reliability
• C) reduced time and costs
• D) all of the above

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Definitions:

Alternatives

Different options or strategies considered in decision-making processes or problem-solving situations.

Sunk Costs

Costs that have already been incurred and cannot be recovered, and therefore should not factor into future decisions.

Decision Making

Selecting a course of action from competing alternatives.

Differential Cost Analysis

The process of comparing the cost differences between two business decisions in order to determine which is more financially viable.