A Group of Three Plants That Is Owned and Operated

question 98

Multiple Choice

A group of three plants that is owned and operated by a single firm and that consists of a farm growing wheat,a flour-milling plant,and a plant that bakes and sells bread would best be an example of a:

• A) multiplant firm.
• B) vertically integrated firm.
• C) partnership.
• D) conglomerate.

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Definitions:

Part-time workers

Individuals who work fewer hours than the standard full-time employment, often resulting in less income and fewer benefits.

Canadian economy

The economic system of Canada, characterized by its rich natural resources, well-developed trade networks, and mixed economy that includes both private and public enterprises.

Post-industrialization

Refers to the phase following industrialization characterized by a shift from manufacturing-based economies to service-oriented and knowledge-based economies.

Social institutions

Established sets of norms and subsystems that support each society's survival, including family, education, religion, and the economy.