​Machines Are Used for Almost All of the Computer Chip

question 98

Multiple Choice

​Machines are used for almost all of the computer chip manufacturing process.These companies are said to be _____ companies.

• A) ​automated
• B) ​lean manufacturing
• C) ​productive
• D) ​anti-human

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Definitions:

Joint Costs

Costs incurred up to the split-off point in the process of producing joint products, which are not identifiable to individual products.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, contributing towards covering fixed costs and profit.

Net Loss

The result when a company's total expenses exceed its total revenues over a specific period, indicating a negative profit.

Opportunity Cost

The cost of missing out on the next best alternative when making a decision.