According to Keynes

question 210

Multiple Choice

According to Keynes,

• A)supply creates its own demand.
• B)the problem during recessions was inadequate aggregate supply.
• C)investment spending was necessary to get us out of a depression.
• D)budget deficits were good during recessions.

Appreciate the importance of knowledge-based services.

Understand the significance of ethical and social responsibilities in operations management.

Recognize the critical decisions in operations related to manufacturing and service sectors.

Understand the concept of a knowledge society.

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Definitions:

Conversion

The unauthorized use or possession of someone else's property, leading to the infringement of property rights.

Tort of False Imprisonment

A legal claim against someone who intentionally restricts another's freedom to move without authority, justification, or consent.

Complete Restraint

A legal term referring to an agreement or clause that totally restricts a party's freedom or action.

Wrongful Interference

Actions that unlawfully disrupt or meddle in the business relationships or contracts between others, causing harm.