What Is Meant by the Expression, "There Is Too Much

question 28

Multiple Choice

What is meant by the expression, "There is too much money chasing too few goods"?

• A) People spend too much time chasing after money.
• B) An expansion in the supply of money relative to the availability of goods and services is causing an increase in the general level of prices.
• C) The value of money will tend to decline when the supply of gold increases.
• D) People would be better off if the monetary authorities increased the supply of money more rapidly.

Understand and analyze the impact of economies of scale in supply chain operations.

Analyze different pricing strategies and their effects on supply chain demand and efficiency.

Apply principles of supply chain management to evaluate and suggest competitive strategies.

Explain the trade-offs between supply chain responsiveness and efficiency.

---

Definitions:

Analytical Intelligence

The skill to assess, critique, evaluate, or distinguish between different pieces of information.

Factor Analysis

A statistical method used to describe variability among observed, correlated variables in terms of potentially lower unobserved variables, called factors.

Practical Intelligence

Intelligence that involves the ability to solve everyday problems through learned, rather than innate, capabilities.

Analytical Intelligence

A facet of intelligence that involves the ability to analyze, evaluate, judge, compare, and contrast.