All of the Following Proved to Be Characteristics of the New

question 80

Multiple Choice

All of the following proved to be characteristics of the new information age economy except

• A) instant global communications.
• B) high-tech computer and media businesses.
• C) the decline of traditional occupations mediating between products and clients.
• D) an end to the boom-and-bust capitalist business cycle.
• E) outsourcing of white collar American jobs to Third World countries.

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Definitions:

Managing Constraints

The methodical process of identifying, analyzing, and addressing limitations that hinder achieving objectives in operations or projects.

Break Even

The point at which total revenues equal total costs, resulting in neither profit nor loss.

Variable Costs

Costs that change in proportion to the level of activity or volume of production in a business.

Capacity Alternatives

Different options or strategies a business may consider to adjust or increase its capacity to meet demand.