The Economizing Problem Is

question 316

Multiple Choice

The economizing problem is

• A) the need to make choices because economic wants exceed economic means.
• B) how to distribute resources equally among all members of society.
• C) that people's means often exceed their wants.
• D) that people do not know how to rationally allocate resources.

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Definitions:

Self-Managing Work Teams

Groups of employees tasked with planning, scheduling, and executing their work without direct supervision, often responsible for their own performance management.

Customer Relationship

The ongoing process of engaging and managing interactions with and the satisfaction of a company's customers to foster loyalty and repeat business.

Customer Relationship Management

Strategically tries to build lasting relationships with, and add value for, customers.

Information Technology

The use of computers, networks, and other electronic devices to store, process, and exchange data.