If a Firm Is Successful in Meeting Its Output Goal

question 15

Multiple Choice

If a firm is successful in meeting its output goal for a period,the firm has been

• A)efficient.
• B)effective.
• C)profitable.
• D)exercising cost containment measures.

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Definitions:

Bananas

A curved, yellow fruit with a soft, sweet flesh, rich in potassium and commonly consumed worldwide.

Opportunity Cost

The lost benefits of the next best alternative when one alternative is chosen over another.

Price

The amount of funds expected, essential, or submitted in reimbursement for something.

Apples

A type of fruit that is grown on apple trees, known for its sweet taste and nutritional benefits, often consumed fresh or used in various dishes.