A Specific Technique Used to Reduce the Need for Information

question 2

Multiple Choice

A specific technique used to reduce the need for information is to

• A)create self-contained tasks.
• B)reduce the inventory on hand.
• C)invest in information systems.
• D)create horizontal relationships.
• E)create strategic alliances.

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Definitions:

Aggregate Supply

The aggregate amount of products and services created in an economy at a specific price level during a particular time frame.

Adverse Supply Shock

An unexpected event that suddenly decreases the supply of a product or service, resulting in increased prices and reduced quantity.

Prices

The amount of money required to purchase a good, service, or asset, often influenced by supply and demand.

Short-run

A period in which at least one factor of production is fixed, limiting the ability of a business to fully adjust to market changes.