In the Context of American Business, Which of the Following

question 50

Multiple Choice

In the context of American business, which of the following statements is true of the changing scenario of operations management over the last five decades?

• A) The nonfarm labor force is increasingly joining the goods-producing sector.
• B) The current trend in value chain design is to rely more on vertical integration and less on outsourcing and offshoring.
• C) There has been a shift from mass customization to mass production.
• D) There has been a fundamental shift away from the production of goods and toward the provision of services.

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Definitions:

Holy Roman Empire

A diverse collection of regions in Central Europe that emerged in the Early Middle Ages and lasted until it was disbanded in 1806.

Scholasticism

A medieval school of philosophy that sought to reconcile Christian theology with classical philosophy, predominantly through the use of logical reasoning.

Renaissance Humanism

An intellectual movement during the Renaissance that focused on the study of classical antiquity and emphasized human potential and achievements.

Machiavelli's Political Theories

The ideas and concepts on governance and political strategy articulated by Niccolò Machiavelli, most notably in his work "The Prince," which emphasizes practicality over morality in statecraft.