Core Questions from the Economics 232 Pre-/Post-Test - Calhoun ...

5 out of 5 points
Question 4: True/False
1 out of 1 points
Question 5: True/False
1 out of 1 points
Question 6: True/False
1/12/2012
Nonprogrammed decisions require six steps, however, programmed decisions being structured and well understood requires only one
step.
Given Answer: False
Correct Answer: False
Efficiency can be calculated as the amount of resources used to produce a product or service.
Given Answer: True
Correct Answer: True
Other organizations in the same industry or type of business that provide goods or services to the same set of customers are referred to
as suppliers.