In Today's Competitive Environment, Cost Containment Is Extremely Important to Survival

question 172

Multiple Choice

In today's competitive environment, cost containment is extremely important to survival. Which of the following increases efficiency in the production and distribution of goods?

• A) Personal computers
• B) Real-time data
• C) Assembly lines
• D) Self-managed teams

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Definitions:

S&P 500 Index

A stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States, widely regarded as the best single gauge of large-cap U.S. equities.

Pork Bellies

Futures contracts traded on the commodity markets, representing 40,000 lbs of frozen, trimmed bellies from hogs, which are used to make bacon.

Cash Delivery

The process of settling a futures or options contract by exchanging the cash equivalent of the asset rather than the physical asset itself.

Futures Contracts

Futures contracts are standardized legal agreements to buy or sell something at a predetermined price at a specified time in the future, between parties not known to each other.