Which of the Following Processes Will a Computer Assembling Firm

question 49

Multiple Choice

Which of the following processes will a computer assembling firm engage in if it decides to manufacture its own monitors and printers?

• A) outsourcing
• B) vertical integration
• C) niche marketing
• D) lean production

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Definitions:

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Compensating Differential

A difference in wages that arises to compensate workers for non-monetary differences in different jobs, such as risk or undesirable location.

Hazard Pay

Hazard Pay is additional compensation provided to employees for performing work that is dangerous or involves risk.

Wealth

The abundance of valuable financial assets or physical possessions which can be converted into forms that can be used for transactions.