A Composition of the Key Functional Inputs That an Organization

question 4

Multiple Choice

A composition of the key functional inputs that an organization provides in the transformation of raw materials into a delivered product or service is termed _____.

• A)value chain
• B)cognitive work analysis
• C)dynamic simulation
• D)corporate governance

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Definitions:

Additional Utils

The extra satisfaction or utility a consumer receives from consuming one more unit of a good or service.

Optimal Consumption

The mix of goods and services purchased that maximizes the utility or satisfaction of a consumer given their budget constraint.

Marginal Utility

The additional pleasure a consumer experiences from acquiring another unit of a product or service.

Marginal Utility Per Dollar

The additional utility gained from spending one more dollar on a good or service.