Consumers in a market-directed economy
A. do not decide what is to be produced and by whom.
B. enjoy limited freedom of choice.
C. have to buy what is being produced.
D. are taxed to provide for goods and services that benefit society, such as public health, national defense, roads, and police and fire protection.
E. do not have to buy any goods or services.
Answer: D
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The authors suggest that the term "supply chain" may be too limited because it takes a "make-and-sell" view of the business. They believe the term ________ is more appropriate because it suggests a "sense-and-respond" view of
A) "upstream chain" B) "downstream chain" C) "market chain" D) "production chain" E) "demand chain"
Which bias is the inclination to believe that other people think, feel, and act the same way we do?
What will be an ideal response?
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