Each of the Following Can Cause a Change in Supply

question 188

Multiple Choice

Each of the following can cause a change in supply except

• A)changes in taxes.
• B)changes in the number of suppliers.
• C)changes in tastes and preferences.
• D)changes in the cost of production.
• E)technological advances.

Understand the applications of just-in-time (JIT) scheduling in managing production and minimizing costs.

Familiarize with the concepts and calculations related to asset management and leverage.

Recognize the importance and methodology of financial performance measures.

Apply project management and control techniques to optimize productivity and efficiency.

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Definitions:

Humanistic Theories

Views that people strive to develop their innate potential for goodness and self-actualization; abnormality arises as a result of societal pressures to conform to unchosen dictates that clash with a person’s self-actualization needs and from an inability to satisfy more basic needs, such as hunger.

Moderately Distressed

A mental state or condition in which an individual experiences a mild to moderate level of emotional or psychological discomfort.

Pleasure Principle

A psychoanalytic concept that drives people to seek pleasure and avoid pain in order to satisfy biological and psychological needs.

Reality Principle

A concept from psychoanalytic theory referring to the capacity of the mind to assess the external world and act upon it accordingly, often seen as counter to the pleasure principle.