Which of the Following Is NOT One of the Reasons

question 76

Multiple Choice

Which of the following is NOT one of the reasons a process may need to be reexamined once it has been implemented?

• A)There is no longer an alignment between the manufacturing process and the market.
• B)There may be potential to make it more cost efficient.
• C)There may be potential to make it more responsive to the market.
• D)The product is not selling well.

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Definitions:

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services to make a profit.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, representing the additional gain beyond the normal profit level.

Implicit Costs

The opportunity costs of using resources owned by the firm for its own production rather than earning income elsewhere.

Accounting Profits

The net income reported on the financial statements of a company, calculated as total revenues minus explicit costs and depreciation.