Which of the Following Statements Best Illustrates the Changing Scenario

question 38

Multiple Choice

Which of the following statements best illustrates the changing scenario of operations management in American business over the past few decades?

• A)The nonfarm labor force is increasingly joining the goods-producing sector.
• B)The current trend in value chain design is to rely more on vertical integration and less on outsourcing.
• C)There has been a shift from mass customization to mass production.
• D)There has been a fundamental shift away from the production of goods toward a service-based economy.

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Definitions:

Settled Out Of Court

A legal dispute resolution where the parties reach an agreement privately without a trial.

Go To Trial

The process in which a legal case is presented before a judge or jury in a court of law to resolve a dispute between parties through examination of evidence and application of legal principles.

Joint Legal Custody

A legal arrangement where both parents share the responsibility and authority to make decisions concerning their child's upbringing.

Major Decisions

Significant rulings or conclusions made by an authoritative body or individual that have a considerable impact.