The People Who Are in the Best Position to Save

question 129

Multiple Choice

The people who are in the best position to save are:

• A)teenagers.
• B)young adults in their 20s.
• C)people in their 30s.
• D)middle-ageD.
• E)elderly.

Recognize the role of automation and technology in enhancing the competitiveness of small businesses.

Identify the basic elements of the operations management system (inputs, transformation processes, outputs, control systems, and feedback).

Distinguish between different types of production systems (analytic, synthetic, continuous, and intermittent).

Understand the concept of social responsibility for a business and its implications.

---

Definitions:

Executive Branch

Refers to the part of government responsible for enforcing laws and policies, headed by the President in the United States.

Legislative Branch

The part of government that makes laws, often consisting of a bicameral (two-house) system, such as the U.S. Congress, made up of the Senate and the House of Representatives.

Administrative Agencies

Governmental bodies responsible for the oversight and administration of specific functions, such as regulation or enforcement.

Enact Regulations

The process of creating and implementing rules or laws by government agencies or bodies to govern conduct within specific areas.