All of the Following Are Examples of Nonfinancial Measures That

question 8

Multiple Choice

All of the following are examples of nonfinancial measures that could be used by a restaurant,except:

• A)average time to serve customers (from order taking to food on the table).
• B)percentage of favorable customer surveys.
• C)number of food orders returned to the kitchen each day.
• D)percent change in sales from the previous month.
• E)None of the above.

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Definitions:

Box

A container, often square or rectangular, used for storage or shipping.

Consumer Surplus

Consumer surplus is the difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.

Producer Surplus

The difference between what producers are willing to accept for a product because of its cost of production and what they actually receive (the market price).

Economy

A system for coordinating society’s productive activities.