An Action by an Economic Agent That Imposes Costs on Other

question 18

Multiple Choice

An action by an economic agent that imposes costs on other economic agents is referred to as a:

• A)negative endogenous reaction
• B)positive endogenous reaction
• C)positive externality
• D)negative externality

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Definitions:

Throughput Time

The amount of time required for a product to pass through a manufacturing process from start to finish.

Throughput Time

The duration required to complete the manufacturing process of a single unit, including all stages of production from raw materials to finished goods.

Manufacturing Cycle Efficiency

A measure of the efficiency in manufacturing, calculated as the ratio of value-added production time to total cycle time.

Turnover

Refers to the total sales generated by a company during a specific period.