If Business Inventories Equal $20 Billion at the Beginning of the Year

question 176

Multiple Choice

If business inventories equal $20 billion at the beginning of the year but equal $30 billion at the end of the year,then GDP has

• A) decreased by $10 billion.
• B) increased by $10 billion.
• C) increased by $20 billion.
• D) increased by $30 billion.
• E) not changed.

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Definitions:

Organizational Boundaries

The defined limits that distinguish the activities, responsibilities, and jurisdictions of an organization from those of other organizations or environments.

Virtual Teams

Teams of people who work together from different geographic locations and rely on communication technology such as email, video or voice conferencing services to collaborate.

Self-managed

A system where employees or teams operate autonomously, making decisions without direct supervision.

Cross-functional

Refers to processes or activities that involve multiple departments or areas of expertise within an organization to achieve a common goal.