McDonald's and Burger King Have Production Processes That Tend to Be

question 38

Multiple Choice

McDonald's and Burger King have production processes that tend to be standardized, and all customers receive similar if not identical products. These are examples of

• A) Large batch technology.
• B) Small batch technology.
• C) Continuous process technology.
• D) Mass customization technology.
• E) Mass production technology.

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Definitions:

New Deal Policies

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s, aimed at restoring prosperity during the Great Depression.

Monetary Policy

The process by which a central bank, currency board, or monetary authority controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and trust in the currency.

Fiscal Policy

Government policies related to taxation and spending that aim to influence the economy, manage inflation, and stimulate economic growth.

Restrictive Fiscal Policy

Fiscal measures implemented by a government to reduce its spending and/or increase taxes with the aim of slowing down an overheating economy.