In the Context of Operations Management, for the First 25

question 87

Multiple Choice

In the context of operations management, for the first 25 years after World War II, which of the following was true of the United States?

• A) It had a severely damaged infrastructure.
• B) It lacked natural resources.
• C) It had a socialist economy.
• D) It had an increasingly well-educated labor force.

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Definitions:

Economic Concentration

Economic concentration refers to a condition in an industry or market where a small number of companies or entities hold a large share of the market, leading to reduced competition and potentially higher prices for consumers.

Theodore Roosevelt

The 26th president of the United States, notable for his exuberant personality, range of interests and achievements, and his leadership of the Progressive Movement.

Labor Disputes

Conflicts between employees and employers over conditions, wages, and rights in the workplace, sometimes resulting in strikes or negotiations.

Interstate Commerce Commission

Organization established by Congress, in reaction to the U.S. Supreme Court’s ruling in Wabash Railroad v. Illinois (1886), in order to curb abuses in the railroad industry by regulating rates.