Which of the Following Statements Is False

question 111

Multiple Choice

Which of the following statements is false?

• A) Marginal analysis is an examination of the effects of additions or subtractions from a current situation.
• B) The production possibilities curve shows the maximum combination of two outputs that an economy can produce, given its available resources and technology.
• C) Technology is the body of knowledge and skills applied to how goods are produced.
• D) Economic growth is illustrated as an inward shift of the production possibilities curve.

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Definitions:

Order Cycle Time

A metric that measures the length of the order cycle, or the ability of the order system to react to customer orders.

Perfect Order Rate

A metric used in supply chain management that measures the percentage of orders delivered to the right place, at the right time, in the right condition, and with correct documentation.

Shipped on Time

Shipped on time refers to the process of sending goods to the intended recipient within the promised or scheduled delivery timeframe.

Dollar Fill Rate

A metric used to measure the value of product shipped or delivered as a percentage of the total value of product ordered.