The Local Chevrolet Dealership Has an Increase in Inventory of 25

question 415

Multiple Choice

The local Chevrolet dealership has an increase in inventory of 25 newly produced cars in 2006. In 2007, it sells all 25 cars. Which of the following statements is correct?

• A)The value of the cars in inventory will be counted as part of 2006 GDP, and the value of the cars sold in 2007 will not increase 2007 GDP.
• B)The value of the cars in inventory will not affect 2006 GDP, and the value of the cars sold in 2007 will increase 2007 GDP.
• C)The value of the cars in inventory will be counted as part of 2006 GDP, and the value of the cars sold in 2007 will increase 2007 GDP.
• D)The value of the cars in inventory will not affect 2006 GDP, and the value of the cars sold in 2007 will not increase 2007 GDP.

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Definitions:

Formal Work Units

Structured groups within an organization, defined by hierarchical arrangements and specific tasks, roles, and responsibilities.

Temporary Task Forces

Short-term groups established to accomplish a specific goal or task.

Life Cycle Stages

Life cycle stages refer to the distinct phases of development that an organism, product, organization, or system goes through from inception to its end.

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group compared to when they work alone.