Which of the Following Is Correct

question 24

Multiple Choice

Which of the following is correct?

• A)The Federal Reserve has 14 regional banks.The Board of Governors has 12 members who serve 7-year terms.
• B)The Federal Reserve has 14 regional banks.The Board of Governors has 7 members who serve 14-year terms.
• C)The Federal Reserve has 12 regional banks.The Board of Governors has 12 members who serve 7-year terms.
• D)The Federal Reserve has 12 regional banks.The Board of Governors has 7 members who serve 14-year terms.

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Definitions:

Labor Hours

The total amount of work time that an individual or group contributes to completing tasks in a specified period.

Inventory Holding Cost

The expense associated with storing unsold goods, including warehousing, insurance, and depreciation, impacting financial performance and supply chain efficiency.

Marginal Subcontracting Cost

The additional cost incurred for outsourcing work or production to a third party beyond the normal capacity.

Layoff Cost

Expenses related to the dismissal of employees, including severance pay and benefits.