The Suffix -Stomy Means

question 40

Multiple Choice

The suffix -stomy means

• A) to make an incision
• B) to create a new opening
• C) to suture to
• D) to remove

Understand the importance and purpose of economic models.

Identify the participants in the economy and their roles.

Grasp the concept of the circular-flow diagram and its components.

Recognize the significance of the production possibilities frontier (PPF) and its implications.

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Definitions:

Supervisory Manager

A manager who directly oversees the work of employees and is responsible for day-to-day operations.

Manageable Units

Dividing tasks, projects, or organizational structures into smaller, more easily controlled or handled segments.

New Product

An item or service that has been recently developed or introduced to the market.

Organizing

Process of blending human and material resources through a formal structure of tasks and authority; arranging work, dividing tasks among employees, and coordinating them to ensure implementation of plans and accomplishment of objectives.