To Improve Package Delivery,one Change UPS Made Involved Improvements in How

question 265

Multiple Choice

To improve package delivery,one change UPS made involved improvements in how packages were routed.The firm started using more detailed maps to plan the routes for packages.As a result,the typical delivery driver could travel several miles less per day while delivering more packages.Which of the following statements best describes this change at UPS?

• A)The change implemented is not an example of technological change because it did not require the use of new machinery or equipment.
• B)Technological change refers only to the introduction of new products or improvements to existing products.As such,the scenario described in the question is not technological change.
• C)The firm is able to produce more output (deliver more packages)using the same number of inputs (trucks and drivers).Therefore,UPS has implemented a positive technological change.
• D)The scenario described is an example of management efficiency and not technological change.Essentially,the chain changed its way of operating its business.

Comprehend the various methods of risk assessment and their implications on capital budgeting decisions.

Gain insight into the importance of externalities and their impact on project valuation.

Learn the significance of discounting cash flows at the appropriate risk-adjusted rate.

Understand project evaluation under conditions of uncertainty, including sensitivity, scenario, and simulation analyses.

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Definitions:

Fraud

A wrongful or criminal deception intended to result in financial or personal gain.

Authenticity

The quality of being genuine, original, or not a copy, often verified through evidence or certification.

Materially Different Meanings

Terms or phrases that have significantly divergent implications in different contexts or interpretations.

Interpretation

The process of explaining, defining, or clarifying the meaning of words, texts, or actions.