Which of the Following Is Not One of the Three

question 77

Multiple Choice

Which of the following is not one of the three conditions necessary to be classified as a discretionary activity?

• A) the activity produces a change of state
• B) the change of state was not achievable by preceding activities
• C) the activity enables other activities to be performed
• D) the activity increases efficiency

Understand the criteria for judging the performance of economic systems.

Comprehend the concept of efficiency in production based on consumer preference.

Analyze the impact of consumer preference changes on market equilibrium and firm's efficiency.

Recognize the effects of technological advances on industry supply and equilibrium.

---

Definitions:

Incoming CEOs

Newly appointed chief executive officers who are taking over leadership roles within an organization.

Earnings

The amount of profit that a company produces during a specific period, indicating the financial performance and profitability.

Executive Change

The process or event of a change in the leadership or management team within an organization, which can have significant impacts on the strategic direction and performance of the company.

Bad Debt Expense

An expense account reflecting the estimated amount of receivables that are not expected to be collected due to customer defaults.