Which of the Following Statements Is True of the Changing

question 85

Multiple Choice

Which of the following statements is true of the changing scenario of operations management in American business over the last five decades?

• A)The nonfarm labor force is increasingly joining the goods-producing sector.
• B)The current trend in value chain design is to rely more on vertical integration and less on outsourcing and other services.
• C)There has been a shift from mass customization to mass production.
• D)There has been a fundamental shift away from the production of goods and toward the provision of services.

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Definitions:

Bureau Of Labor Statistics

A U.S. government agency responsible for collecting and analyzing labor economic data to support public and private decision making.

Housing

Housing encompasses the market for dwelling places, including their construction, purchase, rent, and sale.

CPI

The Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Increase In Value

A rise in the monetary worth or market value of an asset.