____ Refers to an Organization That Produces Physical Goods

question 100

Multiple Choice

____ refers to an organization that produces physical goods.

• A) A manufacturing organization
• B) A service organization
• C) An operations management organization
• D) A physical organization
• E) None of these

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Definitions:

Self-interest

The motivation by individuals to pursue actions or goals that are beneficial to themselves.

Common Good

A concept that refers to either policies or actions that benefit all members of a given community or society.

Veto Power

The authority to reject or prohibit proposals or laws, often held by a president, governor, or other leader.

Separation of Powers

The division of a state's government into branches, each with separate, independent powers and responsibilities, to prevent abuse of power and to provide a system of checks and balances.