Which of These Statements Is an Input Standard

question 144

Multiple Choice

Which of these statements is an input standard?

• A)Jose is the owner of Alberta Interiors,which specializes in customized contemporary furniture.
• B)Jose creates a new pricing guide and informs his employees so they will understand his plan for raising the prices on the furniture.
• C)Jose revises his inventory levels to monitor the resources that the employees are using to manufacture the products.
• D)Jose hopes his employees will be more efficient using the resources and thus contribute to the overall success of his plan.
• E)Jose wants to make $50,000 more this year than he did last year so he can replace older equipment in his company.

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Definitions:

Positive

Pertaining to statements or analyses that are based on facts and devoid of any value judgments or recommendations.

Supply Curves

Graphical representations that show the relationship between the price of a good and the total amount of the good that suppliers are willing to sell.

Highly Inelastic

Describes a situation where the quantity demanded or supplied changes very little in response to changes in price.

Antiques

Objects of considerable age valued for their aesthetic or historical significance.