In Which of the Following Is a Person Performing the Role

question 83

Multiple Choice

In which of the following is a person performing the role of a gatekeeper?

• A) Dan decides on the product requirements and makes the final choice of suppliers.
• B) Luke has the authority to pick out the supplier and negotiate the terms of purchase.
• C) Liam heads the Tech team at LKG and provides information for evaluating the possible alternatives.
• D) LKG gets many calls from potential suppliers, and it is Leah's job to weed out the good prospects and refer them to others in LKG.
• E) Dana authorizes the actions of the deciders and buyers in LKG.

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Definitions:

Basic Economic Questions

Fundamental questions every economy must answer regarding what to produce, how to produce it, and for whom it is produced.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time, reflecting a growing economy.

Outward Shift

In economics, refers to the movement of a curve away from the origin on a graph, typically illustrating growth or increase in factors like production possibility frontier or supply curve.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of new products or processes.