Corporate Social Responsibility (CSR) Is a Widely Used Term That

question 15

Multiple Choice

Corporate Social Responsibility (CSR) is a widely used term that describes a form of self-regulation by businesses based on the ethical principle that a person or organization should be accountable for how its actions might affect the _______ environment and the general public.

• A)technological
• B)cultural
• C)social
• D)physical

Recognize the measuring challenges of productivity in service providers due to the variability of services.

Identify the components of operations planning in manufacturing.

Understand the advantages of standardization in manufacturing processes.

Differentiate between customization and standardization in product manufacturing.

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Definitions:

Inverted Production Function

A concept where inputs and outputs in a production process are reversed in analysis, possibly examining the relationship of output levels to required inputs.

Total Product

The overall quantity of output that a firm produces, usually within a given period of time.

Marginal Product

The rise in output due to an extra unit of input.

Marginal Product

The additional output that can be produced by adding one more unit of a specific input, keeping all other inputs constant.