If People Have Never Implemented an Idea That You Believe

question 112

Multiple Choice

If people have never implemented an idea that you believe offers substantial opportunity:

• A) you should seek a low interest loan immediately in order to launch your product.
• B) you should conclude people are irrational.
• C) your evaluation might be missing something and you should carefully revisit the first three economists' questions.
• D) you should conclude that you are being irrational.

---

Definitions:

Direct Materials

Raw materials that can be directly attributed to the production of a specific product.

Direct Materials

Raw materials and components that are directly used in the manufacturing of a product.

Inventory

Goods and materials held by a business for the purpose of resale or production.

Production Budget

A production budget is a financial plan that estimates the number of units to be produced to meet anticipated sales.