Managers Could Use a _____ to Assess the Effect on Final

question 50

Multiple Choice

Managers could use a _____ to assess the effect on final product costs of a nine percent increase in raw materials.

• A)human resource information system
• B)manufacturing information system
• C)financial information system
• D)marketing information system

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Definitions:

Rising

Often refers to the increase in value, quantity, or level of something over time, frequently used in the context of prices, temperatures, or other measurable factors.

Average Cost Curve

A graph that illustrates the cost per unit of output by dividing the total cost by the quantity of output produced, typically showing how costs fluctuate with changes in scale.

Marginal Cost Curve

A graph that shows the increase in cost incurred by producing one more unit of a good or service.

U-Shaped

Characterizes graphs or functions that have a visible dip in the middle, creating a shape similar to the letter "U," often found in economic analyses representing cost curves.