Examlex

Solved

The Serving Staff at Mary's Diner Does Not Have to Check

question 41

Multiple Choice

The serving staff at Mary's Diner does not have to check with their supervisor before offering customers free dessert when the customers are dissatisfied with their dine-in experience.This is an example of


Definitions:

Inefficiency

A situation where resources are not used in the best possible way, often leading to waste and a lower output than could be achieved.

Trade

The exchange of goods, services, or both between two or more parties.

Factors of Production

The assets employed to produce goods and services, encompassing land, labor, capital, and entrepreneurship.

Command Economy

A type of economic system where production, investment, prices, and incomes are determined centrally by a government.

Related Questions