________ Is the Level of Capacity Utilization That Satisfies Average

question 145

Multiple Choice

________ is the level of capacity utilization that satisfies average customer demand over a period that includes seasonal, cyclical, and trend factors.

• A)Normal capacity utilization
• B)Theoretical capacity
• C)Master-budget capacity utilization
• D)Practical capacity

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in an open market.

Opportunity Cost

What a business, investor, or individual forgoes in benefits when they decide on one choice over a different one.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on their income or profits.

Market Value

The present cost at which a service or asset is available for purchase or sale in the market.