___________Means Developing Modern Production Facilities Using New Information Technologies That

question 48

Multiple Choice

___________means developing modern production facilities using new information technologies that can produce and distribute products in a timely and cost- effective manner.

• A)Control
• B)Efficiency
• C)Organizational design
• D)Innovation

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Definitions:

Eminent Domain

The right of a government to expropriate private property for public use, with compensation to the owner.

Private Citizen

An individual who does not hold any official or public position and is acting in their personal capacity.

Exclusive Right

A legal provision granting someone the sole authority to perform a particular activity or use a specific resource.

Broker

An individual or firm that acts as an intermediary between buyers and sellers to facilitate transactions, typically in exchange for a commission or fee.