Which of the Following Statements Is Not True

question 82

Multiple Choice

Which of the following statements is not true?

• A) Virtually all of Honda's sales (autos, motorcycles, generators, lawn mowers) are based on its outstanding engine technology.
• B) Intel focuses on microprocessors.
• C) Michelin focuses on tires.
• D) Firms such as 3M establish goals for profitability from new products.
• E) Dell Computers provides fast delivery to customers, but, in return, customers may only select from a limited choice of hardware configurations.

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Definitions:

Excess Reserves

The capital reserves held by a bank or financial institution in excess of what is required by regulators, central bank or other governing bodies.

Ten Principles of Economics

A foundational concept in economics that outlines the basic principles guiding economic decisions and behaviors, such as scarcity, cost, and efficiency.

Fed

The Federal Reserve System, the central banking system of the United States, which regulates the U.S. monetary and financial system.

Lender of Last Resort

An institution, usually a country's central bank, that offers loans to banks or other eligible institutions that are facing financial difficulty or are considered highly risky.