The purchasing power of the $20 bill increases over time due to inflation. True or False

False

Explanation:

This is practically impossible. Inflation is a term used to describe the increase in the general prices of goods and services over a period of time. This means inflation causes a reduction in the amount of goods and services that could be bought given the same amount of money.

What inflation does is that it reduces the purchase power of a particular amount of money simply because there is a general increase in the amount of goods and services.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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