A Firm Can Monitor Quality Level Output in All of the Following

question 79

Multiple Choice

A firm can monitor quality level output in all of the following ways EXCEPT _____.

• A) customer surveys
• B) electronic sensors
• C) visual inspections
• D) share of marketplace

Calculate and interpret profit margin for divisions or companies.

Identify the responsibilities and performance measures of investment centers.

Apply concepts of residual income in evaluating business performance.

Distinguish between cost centers, profit centers, and investment centers in organizational structures.

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Definitions:

Marginal Product

The additional output that results from using one more unit of a specific input, keeping other inputs constant.

Third Worker

In the context of labor and production, refers to the addition of a third employee in a process, which can affect productivity differently depending on the scenario.

Marginal Product

Additional output gained by employing one more unit of production.

Second Worker

The term "second worker" can refer to an additional employee hired to perform tasks, often implying the expansion of workforce due to increased workload.