When a Textile Company Keeps Track of Its Inventory Using

question 122

Multiple Choice

When a textile company keeps track of its inventory using a computer and its competitor uses a pad of paper and a pencil, they are both answering the _______ part of one of the two big economic questions.

• A) "what"
• B) "where"
• C) "how"
• D) "for whom"

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Definitions:

Public Interest

The welfare or well-being of the general public; often used to justify government actions or policies intended to protect or benefit the population as a whole.

Selfish Interests

Actions or motives focused primarily on one's own advantage, benefit or well-being, often at the expense of others.

American Industry

The sector of the U.S. economy involved in the production of goods and services, encompassing a wide range of activities from manufacturing to technology.

Automobile

A motorized vehicle on wheels, commonly propelled by an internal combustion engine or an electric motor, utilized for transport purposes.