Which Decision Is the BEST Example of Making a Choice

question 168

Multiple Choice

Which decision is the BEST example of making a choice at the margin?

• A) buying a new car
• B) quitting your job
• C) drinking another cup of coffee
• D) attending university

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Definitions:

Supply Chain Design

The planning and organization of a network of interconnected businesses involved in the provision of product and service packages demanded by end customers.

Fiber Optic Wire

A type of cable made of thin strands of glass or plastic that transmits data at high speeds using light signals.

Time and Place Utility

The value added to products through making them available at the right time and location to meet consumer needs.

Pipeline

In supply chain, refers to the flow of goods and materials from the supplier to the customer, as well as the processes that move products through the stages of production to delivery.