Jorge, a Recent College Graduate, Is Thinking of Investing in a Home

question 114

True/False

Jorge, a recent college graduate, is thinking of investing in a home health care business. He believes this will be a profitable venture because of the increasing number of people in the U.S. that will be over 65 years of age in the near future and more likely to need this type of service. This accurately describes a demographic trend that will affect his business choice.

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Definitions:

Freezing

In the context of project management, it refers to the process of locking in the scope and specifications of a project to prevent changes.

Production System

A system that encompasses all activities, resources, and processes involved in the production of goods or services.

Toyota Production System

A highly efficient and integrated approach to production and manufacturing, emphasizing waste reduction, continuous improvement, and customer focus.

Built-in

Embedded or integrated directly into something, not separate or removable.