The Economic Environment Affects the Performance of an Organization, as Was

question 45

Multiple Choice

The economic environment affects the performance of an organization, as was noted during the recent recession.Which of the following factors is cited as one of the causes of the recent recession triggered in the home mortgage markets in the United States?

• A) high interest rates on mortgages
• B) massive global liquidity
• C) lack of leverageability for business borrowers
• D) difficulty in securing housing credit

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Definitions:

Work Cells

An arrangement in a manufacturing environment where all the necessary machines and equipment are placed close together to manufacture a product, improving coordination and efficiency.

Level Material Use

A strategy in production planning that aims for a constant rate of material use, minimizing fluctuations in inventory levels.

Repetitive Manufacturing

A production method where the same products or components are produced in a continuous flow or on a repetitive basis.

Intermittent Process

Refers to a production system where the flow of materials is irregular, handling a variety of products or services.