The Quality by Which a Value Is a Good Thing

question 11

Multiple Choice

The quality by which a value is a good thing in itself and is pursued for its own sake, whether anything comes from that pursuit or not, is called a(n) _____.

• A)traditional norm
• B)instrumental value
• C)extrinsic norm
• D)intrinsic value

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Definitions:

Financial Planning

The process of estimating the capital required and determining its competition; it's the process of framing financial policies in relation to procurement, investment, and administration of funds of an enterprise.

Operations And Logistics

The management of the processes involved in producing and distributing goods and services.

EOQ

Economic Order Quantity, a formula used in operations management to determine the optimal order size that minimizes the total inventory holding costs and ordering costs.

Push Inventory

A strategy where products are produced or supplied based on projected demand rather than actual customer orders.