Which of the Following Is a Likely Cause for a Longer-Than-Expected

question 14

Multiple Choice

Which of the following is a likely cause for a longer-than-expected production lead time?

• A) The order is received later than expected.
• B) The delivery truck is broken down on the way to the customer
• C) The order got lost after the customers have sent it to the company
• D) Excessive idle time in the production process

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Definitions:

Opportunity Cost

The expense incurred by not selecting the second-best choice when deciding between different options.

Tattoo

A method of altering one's appearance by embedding ink, dyes, and pigments, which can be either permanent or temporary, into the second layer of skin known as the dermis, to create a pattern or picture.

Avatar

A graphic representation of a user or the user's alter ego or character, often used in online forums, social media, and virtual reality spaces.

Resources

Assets, materials, and inputs used to produce goods and services; can be natural, human, or capital.