The Difference Between a Supply Schedule and a Supply Curve

question 76

Multiple Choice

The difference between a supply schedule and a supply curve is that a supply schedule

• A)incorporates demand and a supply curve does not.
• B)incorporates profit and a supply curve does not.
• C)can shift,but a supply curve cannot shift.
• D)is a table,and a supply curve is drawn on a graph.

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Definitions:

Lean Enterprise Management

An approach focusing on reducing waste within manufacturing systems while simultaneously maximizing productivity and creating value for the customer.

Theory Of Constraints

A management philosophy focusing on identifying and managing bottlenecks that limit the performance of a system.

Supply Chain

A network of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Procurement

The process of finding, acquiring, and buying goods, services, or works from an external source, often via tendering or competitive bidding processes.