Which of the Following Is Not a Nonfinancial Quality Metric

question 112

Multiple Choice

Which of the following is not a nonfinancial quality metric?

• A) Process yield (i.e., good output/total output).
• B) Number of defective parts produced (e.g., parts-per-million, ppm).
• C) Number of machine setups.
• D) Machine up-time (or, machine down-time).
• E) Trend in dollar amount of inventory held.

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Definitions:

Interdependent

A situation where the outcomes or decisions of two or more entities are dependent on each other.

Oligopoly

A market structure characterized by a small number of firms dominating the market, leading to limited competition.

Differentiated Products

Goods or services that are distinguished from each other by characteristics like quality, design, branding, etc., making them not perfectly substitutable.

Interdependence

A situation in which the production processes or outcomes of different firms, sectors, or countries are dependent on each other.