Every Time You Go to the Grocery Store, You Try

question 98

Multiple Choice

Every time you go to the grocery store, you try to choose the shortest line. But all of the lines always seem to be the same length. Why?

• A) The store manager tells the cashiers to speed up or slow down to maintain equal line lengths.
• B) Everyone else is trying to choose the shortest line too.
• C) The cashiers all work at the same speed.
• D) Cashiers do not have an incentive to work faster.

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Definitions:

Just-in-time Inventory Systems

An inventory strategy companies use to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, reducing inventory costs.

Responsibility

involves the duty or obligation to perform or complete a task, with an inherent accountability for the successful completion and outcomes.

Vendors

Businesses or individuals that sell products or services to other businesses or consumers.

Lease Decision

The choice between leasing or purchasing an asset, involving considerations of cost, duration, and financial impact.