In Modern Societies Large-Scale Social Institutions Are Organized by __________,Which

question 12

Multiple Choice

In modern societies large-scale social institutions are organized by __________,which allows for the precise timing of activities.

• A)clock-time
• B)managers
• C)time maximization
• D)time-rules
• E)the Internet

---

Definitions:

Demand Management

Strategies and practices aimed at forecasting, planning, and influencing customer demand to optimize supply chain and resources.

External Balancing

A strategy implemented to match supply and demand by adjusting capacity externally, often through outsourcing or partnerships.

Production Flexibility

Refers to a company's ability to quickly adjust its production levels and processes to accommodate changes in market demand or to exploit new market opportunities.

Exponential Smoothing

A technique used in time series data to smooth out fluctuations and predict future values.