MrGoldratt's "Theory of Constraints" Is Useful Only in Manufacturing Settings

question 14

True/False

Mr.Goldratt's "Theory of Constraints" is useful only in manufacturing settings.

---

Definitions:

Full-employment GDP

Full-employment GDP is the maximum potential output an economy can produce when all resources, including labor, are fully utilized without causing inflation.

Capitalist Economy

A financial system where capital goods are owned by individuals or corporations, with investment choices, prices, production, and goods distribution primarily influenced by competition within a free market.

Automatic Stabilizer

Economic policies and programs, like unemployment benefits, that automatically adjust to counteract economic fluctuations without additional government action.

Unemployment Compensation

Government-provided financial assistance to individuals who are unemployed and meet certain eligibility requirements.