A Business Focusing on Increasing the Efficiency of Its Operations

question 5

Multiple Choice

A business focusing on increasing the efficiency of its operations is more directly addressing:

• A) volume flexibility.
• B) variety.
• C) consistent quality.
• D) low-cost.

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Definitions:

Legal Enforceability

The characteristic of a contract or agreement that allows it to be upheld or compelled by law.

Perfection

The state of being free from all flaws or defects, or achieving the highest degree of excellence.

Balloon-Payment Mortgage

A mortgage that has relatively low fixed payments during the life of the mortgage followed by one large final (balloon) payment.

Equity

Fairness or justice as applied in the correction of law or the ownership interest in a company or property.