Refer to Application 2, "Comparing the Severity of Recessions," to Answer

question 32

Multiple Choice

Refer to Application 2, "Comparing the Severity of Recessions," to answer the following questions:
-According to the application, compared to just looking at the unemployment rate, a more correct way to measure the damage caused by the recession is to:

• A) look at the incomes of those who lost their jobs before and after the recession.
• B) look at the incomes of the rich before and after the recession.
• C) look at the incomes of the those who lost their job as well as those who kept their jobs.
• D) compare the inflation rates before and after the recession.

---

Definitions:

Just-In-Time System

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs, aiming to have the exact amount of material, at the right time, and the right place.

Offshore

The practice of moving some of a company's operations or services to another country to capitalize on lower costs or favorable regulations.

Strategic Consequences

The outcomes or impacts that result from the implementation of specific strategies or decisions within an organization or nation.

Enterprise Resource-Planning

A software system used by organizations to manage day-to-day business activities such as accounting, procurement, project management, and manufacturing.