Among the Following Choices, an Operations Manager Might Best Evaluate

question 4

Multiple Choice

Among the following choices, an operations manager might best evaluate political risk of a country by looking at which type of country ranking?

• A) based on competitiveness
• B) based on cost of doing business
• C) based on corruption
• D) based on magnitude of government social programs
• E) based on average duration between presidential/prime minister elections

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Definitions:

Price of the Product

The financial cost of acquiring a good or service.

Buyer's Income

Buyer's Income is the total earnings or revenue available to consumers that influences their ability to purchase goods and services.

Burden of a Tax

The economic impact of a tax on the welfare of buyers and sellers, which can affect market behavior and economic efficiency.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied changes by an infinite amount in response to any change in price.