Which of the Following Statements About Variation Is False

question 47

Multiple Choice

Which of the following statements about variation is false?

• A)Variation prevents a production process from being as efficient as it can be.
• B)Some variation can be prevented.
• C)Variation can either be assignable or random.
• D)Any variation makes a production process less productive
• E)Random variation generally cannot be influenced by managers.

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Definitions:

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, usually large corporations.

Present Value

The current value of a future sum of money or stream of cash flow given a specified rate of return.

Future Value

The value of an investment or a sum of money projected at a future date, calculated by applying interest or growth rates to the present value.

Time Value

The theory that a sum of money is more valuable if it's available immediately, rather than the same amount in the future, because of its earning capabilities.