Answer:
The correct answer is letter "A", "C", and "E": continuous improvement; just-in-time manufacturing; total quality management
Explanation:
Lean practices involve several activities companies can engage to reduce inefficiency at work. Organizations achieved this by eliminating wasteful practices among employees to improve the output quality and keep consumers preference, thus making a profit. <em>That improvement must be continuous and imply managers will seek constantly perfection</em>.
For instance, manufacturing companies can eliminate waste by keeping tight deadlines and <em>delivering their products just in the time</em> the suppliers or final consumers expect.
Answer:
Categorization of Statements
Promotion of Economic Growth:
- clear laws regarding the transfer of property from one person to another
- the enforcement of trademarks
- A nation's central bank declares it will print money to pay for government expenditure.
- the use of competitive markets to allocate goods and services
Inhibition of Economic Growth:
- the creation of a price floor on sugar
- the development of regulations that make creating small businesses difficult
- a corrupt government
Explanation:
Economic growth can be increased by the reduction of the borrowing costs and interest rates and encouraging consumer spending and business investments.
The factors that inhibit economic growth also create market inefficiencies. They include lack of basic infrastructure, healthcare, and education, capital flight and economic uncertainties, ageing population, political instability, and rampant corruption.
Answer: C
Explanation:
Complementary goods are a pair of goods that can be consumed together. If the price of one goes up, the demand for both fall. For example, if gas prices rise and stay consistently high, less people will be inclined to buy a car (at least from an economic standpoint)
1) <span>A supply shock is a sudden increase in the price of an important natural resource, resulting in a leftward shift of the sras curve. Because the change is so sudden it really affects the equilibrium price of the good or service within the economy.
2) S</span><span>tagflation is a combination of inflation and recession. Stagflation typically occurs because of supply shock.
3) S</span><span>tagflation occurs when a supply shock shifts the sras to the left, increasing the price level and decreasing actual GDP. </span>
I would say the word could be reliable in other words that the sources of the information are reputable and with a proven track record so that the information can give confidence that it is legitimate and not rigged or sham.
