Data for a Factory -
__________________ Involves Planning for Incremental Improvements in Efficiency and

question 47

Multiple Choice

Data for a factory
$\begin{array}{ll}\text { Total factory cost } & £ 10,000 \\\text { Total time au ailable on key resource (hours) } & 2,500 \\\text { Contribution per unit product A } & £ 34.00 \\\text { Contribution per unit product B } & £ 30.00 \\\text { Contribution per unit product C } & £ 22.00 \\\text { Contribution per unit product D } & £ 20.00 \\\text { Hours required product A } & 12.0 \\\text { Hours required product B } & 6.0 \\\text { Hours required product C } & 6.0 \\\text { Hours required product D } & 8.0\end{array}$

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__________________ involves planning for incremental improvements in efficiency and reductions in cost

• A)Kaizen costing
• B)Kaizen budgeting
• C)Feasible region
• D)Shadow prices

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Definitions:

Egalitarian

Relating to the belief in the equality of all people, especially in political, economic, or social life.

Utilitarian

Pertains to the ethical theory that the best action is the one that maximizes utility, generally defined as that which produces the greatest well-being of the greatest number of people.

Macroallocation

Refers to the broad, system-wide distribution of healthcare resources and services, focusing on how resources are allocated across different regions, populations, or types of care.

Altruistic Donation

This is the act of donating an organ or tissue without receiving any financial or material compensation in return.