What is production?
A. Material items or products that customer's will buy to satisfy a want or need.
B. The rate at which goods and services are produced based upon total output given total inputs.
C. Tasks performed by people that customer's will buy to satisfy a want or need.
D. The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.
Answer: D
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Whalin Seafood Co. made a corporate commitment to sustainability, modifying the ways in which they purchase products. Two years ago, Whalin made a corporate commitment to local sourcing and saw their profits increase. This is an example of
A. doing well and doing good. B. leading the market. C. corporate signature strengths. D. decision-making discretion. E. shareholder focus on wealth.
______ refers to the use of strategies to increase the speed with which an organization goes from creativity to delivery.
a. Pace-based competition b. Efficiency competition c. Innovative competition d. Time-based competition
Lifestyle refers to an individual's perspective on life as demonstrated by that person's activities, interests, and opinions (AIO).
Answer the following statement true (T) or false (F)
Claude agrees to lease his house to Irvin for nine months, the lease to begin six months from the signing of the contract. Under the statute of frauds
a. the lease is not required to be in writing. b. the lease is required to be in writing because of the one-year rule. c. the parol evidence rule renders the lease voidable. d. the lease is a collateral promise which must be in writing.