Interest in the Supply Function as a Managerial Activity Began

question 11

Multiple Choice

Interest in the supply function as a managerial activity began:

• A)before 1900 when railroads recognized it as an important function.
• B)during World Wars I and II because of global materials shortages.
• C)in the 1970s during a period of high inflation.
• D)in the early 1980s with high interest rates and the costs of financing inventory.
• E)more recently with the rise of e-commerce.

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Definitions:

Passivity

The trait of accepting or allowing what happens or what others do, often without active response or resistance.

Imaginary Friend

A non-real companion created in the mind of a child, often serving as a playmate and used for creativity and coping mechanisms.

Happy

A state of well-being and contentment; an emotion experienced when in a state of positive mood or satisfaction.

Imaginative

Characterized by creativity and the ability to invent or fantasize novel ideas, scenarios, or objects.