The Results of Human Action but Not of Human Design

question 31

Multiple Choice

The results of human action but not of human design

• A)have traditionally led to anarchy
• B)can easily be converted into collective decision-making
• C)have frequently evolved over time into self-enforcing social institutions
• D)is in actually the result of planned education funding

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Definitions:

War On Terrorism

A global military campaign launched by the United States and allied countries to combat terrorism, especially in response to the September 11 attacks.

EOQ Inventory System

The Economic Order Quantity (EOQ) model is a formula used to determine the optimal quantity of inventory to minimize total inventory costs including holding and ordering costs.

Safety Stock

Inventory kept on hand to protect against shortages due to fluctuations in demand or supply.

Carrying Cost

The total cost of holding inventory, including storage, insurance, and taxes, over a certain period.