Managers Who Create and Manage Systems That Convert Resources into Goods

question 26

Multiple Choice

Managers who create and manage systems that convert resources into goods and services are known as ____ managers.

• A) administrative
• B) financial
• C) marketing
• D) operations
• E) human resources

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Definitions:

Unemployment

The condition of someone being without a job despite actively looking for work, expressed as a percentage of the labor force.

Aggregate Demand

The total demand for all goods and services within a particular market or economy, including consumption, investment, government spending, and net exports.

Inflation

The velocity at which the total cost of products and services surges, reducing purchasing capacity.

Unemployment

The situation of being without a job, while actively looking for one and willing to work.