​Which Is NOT an Example of Moral Hazard

question 21

Multiple Choice

​Which is NOT an example of moral hazard

• A)​people eat less at all-you-can-eat buffets
• B)loggers clear-cut a tract of land when paying a fixed price rather than when paying per tree felled
• C)Drivers of heavier,safer cares are more likely to run stop signs
• D)​workers on commission work harder than those paid an hourly wage

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Definitions:

Lean Production

A manufacturing approach aimed at minimizing waste and increasing efficiency by focusing on value creation for the end customer.

Small-batch Production

A manufacturing method that produces goods in small quantities, allowing for greater flexibility and customization.

Lean Production

A manufacturing principle focused on minimizing waste and maximizing efficiency and productivity by streamlining processes and improving quality.

Manufacturing Technology

refers to the broad set of engineering and technological practices used in the production of goods and services, involving both hardware and software innovations to improve efficiency and product quality.