An example of a heuristic is:
A. predatory lending.
B. a rule of thumb.
C. common sense.
D. a framing device.
B. a rule of thumb.
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The order of inventories for production as they are needed is known as ________
A) just-in-time production B) production smoothing C) work in process D) stock out avoidance
Economies of scope is when a firm obtains a production advantage from producing more than one product
Indicate whether the statement is true or false
Countries with the highest level of per-capita GNI tend to generate a large percentage of GDP from agriculture production.
Answer the following statement true (T) or false (F)
Little Richie Lemons, a thirteen-year-old former lemonade stand owner, quit the business and now searches for an after-school job. Is he officially unemployed?
A) No, because he was never employed in the first place. B) No, because he is under 16 years old. C) Yes, because he is no longer self-employed. D) Yes, because he is looking for work.