Complete the Following Sentence.Marginal Cost Is

question 129

Multiple Choice

Complete the following sentence.Marginal cost is

• A)the total cost of an activity.
• B)the total cost of a decrease in an activity.
• C)the opportunity cost of an increase in an activity.
• D)the opportunity cost of a decrease in an activity.
• E)equal to marginal benefit.

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Definitions:

Unreliable Processes

Procedures or systems that fail to consistently perform to their designed specifications or standards, leading to errors, defects, or inefficiencies.

Lean Manufacturing

The use of lean principles to accomplish high quality, low cost, fast response, and immediate availability in a manufacturing setting. Also called just-in-time (JIT) processing.

Unnecessary Waste

Refers to materials or resources that are excessively consumed or not utilized efficiently, leading to avoidable loss or expense.

Inventory

Merchandise on hand (not sold) at the end of an accounting period.