Which of the Following Is Not a Result of Adopting

question 76

Multiple Choice

Which of the following is not a result of adopting a just-in-time operating environment?

• A) Reduced materials waste
• B) Reduced production time
• C) Reduced total labor hours
• D) Reduced production costs

Distinguish between social goods and their collective benefits.

Understand the concept of capital in the economic context, including its types (tangible, intangible, human, and social capital).

Comprehend the difference between capital stock and capital flow.

Recognize the forms of investments in human capital.

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Definitions:

Variable Costs

Expenses that change in direct proportion to the amount of production or output.

Total Cost

The sum of all costs incurred by a business in the production of goods or services, including fixed and variable costs.

Prospective Sales

Forecasted or anticipated sales based on current trends, marketing strategies, and economic conditions.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with increasing scale.