Which of the Following Is Not a Characteristic Information Must

question 5

Multiple Choice

Which of the following is not a characteristic information must have to be useful when making supply chain decisions?

• A) Information must be accurate.
• B) Information must be accessible in a timely manner.
• C) Information must be interesting.
• D) Information must be of the right kind.

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Definitions:

Maximum Total Revenue

The highest possible earnings that a firm can achieve from the sale of goods or services, typically found by optimizing price and quantity sold.

Price

The price necessary to acquire a good or service.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded by consumers.

Total Revenues

The sum of money a company earns from selling goods or providing services in a specific timeframe.