Which of the following is NOT a major area of study for economists?
a. how forces and trends affect the overall economy
b. how people make decisions
c. how people interact with each other
d. how countries choose national leaders
Ans: d. how countries choose national leaders
Business
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A downward-sloping experience curve is indicative of a company's rapidly increasing production costs
Indicate whether the statement is true or false
Business
Great Lakes Barge and Baggage Company makes, among other things, battery-operated bilge pumps. Which of the following activities is NOT part of JIT? They:
A) communicate their schedules to suppliers. B) produce in long production runs to reduce the impact of setup costs. C) use a pull system to move inventory. D) continuously work on reducing setup time. E) produce in small lots.
Business