Which of the Following Statements Is LEAST Likely to Be

question 49

Multiple Choice

Which of the following statements is LEAST likely to be associated with a high volume production?

• A) a continuous or line process
• B) high capital-intensity and automation
• C) high levels of customer involvement
• D) less resource flexibility

---

Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by GDP growth.

Simon Kuznets

A Ukrainian-American economist who made significant contributions to the study of economic growth, the development of the concept of Gross National Product, and the statistical analysis of economic cycles.

Automobile Industry

A sector of the economy that deals with the design, production, and selling of motor vehicles.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.