Which of the Following Is Not a Basic Option for Altering

question 46

Multiple Choice

Which of the following is not a basic option for altering the availability of capacity in a service environment?

• A)overtime
• B)hiring/layoff
• C)part time
• D)inventory
• E)All of these are basic capacity options.

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Definitions:

Free Markets

Economic systems where prices for goods and services are determined by the open market and consumers, with minimal government intervention.

Regulatory Bureaucracies

Government agencies tasked with enforcing rules and regulations to ensure the safety, fairness, and efficiency of markets and industries.

Mixed Economy

An economic system combining elements of capitalism and socialism, featuring both private enterprise and government intervention in the market.

Economic Record

A historical account of the financial performance and economic indicators of a specific entity, sector, or country.