True or false: An inefficient program has costs that are higher than the quality the product warrants. Question 6 options: True False
Question
True or false: An inefficient program has costs that are higher than the quality the product warrants.
Question 6 options:
- True
- False
Solution
Analysis of the Statement
-
Understanding Inefficiency: An inefficient program typically consumes more resources (time, memory, etc.) than necessary to perform its designated tasks. This can lead to increased operational costs and potential delays.
-
Quality versus Costs: The phrase "costs that are higher than the quality the product warrants" suggests that the expenses associated with the program exceed the value or performance level that the program provides to users.
-
Connecting Inefficiency and Quality: If a program is inefficient, it could mean that users are not receiving value commensurate with the costs incurred from using that program. This aligns with the premise that inefficiency leads to higher costs relative to quality.
Conclusion
Given the analysis, the statement can be considered True. An inefficient program often results in costs that surpass the quality or value it offers, indicating a misalignment between investment and benefit.
Similar Questions
Cost leaders must maintain their marketing or face the possible entry of more cost-effective competitors.Question 8Select one:TrueFalse
True or false: Perfectly competitive markets lead to efficient production and consumption. Question 9 options: True False
True or false: Understanding and managing costs are a core task for a healthcare manager. Question 7 options: True False
True or false: A production budget is unique in that it does not show costs; it is always expressed in units of product.True false question.TrueFalse
A higher opportunity cost equals a greater comparative advantage. True or false?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.