The Establishment and Recognition by Courts of Law of Individual

question 14

Multiple Choice

The establishment and recognition by courts of law of individual property rights

• A)made it more difficult for entrepreneurs to earn profits.
• B)has been shown to have little effect on technological development.
• C)did not occur until the twentieth century.
• D)enabled entrepreneurs to keep the profits they earned.
• E)enabled nobles and kings to confiscate profits.

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Definitions:

Disintermediation

Eliminating intermediaries in a supply chain, allowing direct transactions between buyers and producers.

Supplier Codes

Unique identifiers assigned to vendors that allow companies to manage and track transactions and orders more efficiently.

Social Sustainability

The ability of a society to develop processes and structures which not only meet the needs of its current members but also support the ability of future generations to maintain a healthy community.

Just-In-Time (JIT)

An inventory management strategy that aims to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.