Contemporary Challenges Facing Operations Today Include All of the Following

question 32

Multiple Choice

Contemporary challenges facing operations today include all of the following EXCEPT

• A) scientific management.
• B) integration with other functions.
• C) environmental concerns.
• D) advancing service operations.
• E) globalization of operations.

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Definitions:

Unemployment Rate

The percentage of the labor force that is unemployed.

Money Supply

The aggregate of cash, coins, and deposits in checking and savings accounts, representing the financial assets available within an economy at a certain point in time.

Inflation

A sustained increase in the general price level of goods and services in an economy over a period of time.

Unemployment

The condition of someone being able to work and actively seeking work but unable to find employment.