Directions: Apply the Knowledge You Have Gained from Chapter 5

question 10

Multiple Choice

Directions: Apply the knowledge you have gained from Chapter 5 to select the best answer to the questions about the following graphic organizer.

​What is the best answer for the box marked "X" above?

• A) ​Police officers laid off
• B) ​Reduction in city hall hours
• C) ​Fewer new books purchased
• D) ​Public park in need of repairs

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Definitions:

Computers

Electronic devices capable of processing information according to a set of instructions called programs.

Stocks

Financial instruments representing ownership shares in a company, allowing investors a claim on part of the company's profits.

Just-in-time Inventory System

A strategy to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Operations Activities

Tasks and processes involved in the production, management, and delivery of goods and services in a business.