Goods are products a business sells like

Assignment Help Operation Management

Reference no: EM131731660

1. Which of the following are the factors of production?

Labor, natural resources, capital, entrepreneurs, technology, and intellectual property

Labor, capital, entrepreneurs, motivation, and good ideas

Natural resources, entrepreneurs, profits, and creativity

Labor, profits, natural resources, technology, and motivation

2. Goods are products a business sells like

haircuts.

conveyer belts.

car insurance.

health care.

3. Which of the following is a current sociocultural trend?

A decrease in the overall U.S. population

An increase in the population of Americans ages 30 to 45 years old

A decrease in the U.S. minority population

An increase in the population of Americans ages 65 and over

4. Social networking makes it possible for

companies to better manage their employees.

customers to spread the word about great products.

companies to keep network information secure.

social gatherings to be monitored.

5. If a firm decides to shift the production of goods or services to an overseas company, this firm is

diversifying.

offshoring.

telecommuting.

forming a partnership.

Reference no: EM131731660

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