The Government Operates Programs for Job Training and Job Information

question 238

Multiple Choice

The government operates programs for job training and job information intended to reduce unemployment.

• A)Almost all economists agree that such programs are of no use.
• B)Almost all economists agree that such programs work very well.
• C)Some economists claim that the government can do these things no better than firms and individuals could do them for themselves.
• D)None of the above is correct.

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Definitions:

Sales Order

A document issued by a business to a customer, confirming the sale of goods or services under specified terms.

Economic Order Quantity

The optimal quantity of stock to order at one time, considering holding costs and ordering costs, to minimize total inventory costs.

Safety Stock

Additional inventory kept on hand to prevent stockouts caused by fluctuations in demand or supply delays.

Lead Time

The amount of time it takes for a process to go from the initiation phase to its completion.