Which of the Following Statements Is Incorrect

question 116

Multiple Choice

Which of the following statements is incorrect?

• A) When faced with multiple demands on a constrained resources,managers should choose the product that provides the highest unit contribution margin.
• B) Constraints are limitations on a company's ability to satisfy demands for its products.
• C) Constraints are also referred to as bottlenecks.
• D) Managers seek to minimize the impact of bottlenecks on the operations of a business.

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Definitions:

Personal Property

Movable assets owned by an individual, as opposed to real property like land or buildings.

Debtor

An individual or entity that owes money or is legally obligated to make payments to another party.

UCC

Stands for the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Default

Failure to make payments on a loan.