Economies of scale, which reduce costs, can be achieved through
A. localization.
B. employing the learning curve.
C. standardization.
D. careful supervision of the manufacturing process.
Answer: C
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The specific regulation of the U.S. government that governs the fair distribution of income is ________
A) the Robinson-Pitman Act B) the Sherman Antitrust Act C) GATT D) Section 482 of the tax code
A flexible manufacturing system
a. creates bottlenecks in the process b. leads to an "us" versus "them" attitude among workers c. shortens the physical distance between activities d. is organized along functional lines
A person's buying choices are influenced by several major psychological factors. Which is NOT one of these factors?
A) motivation B) perception C) evaluation of alternatives D) learning E) beliefs
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