What are the two planned economic systems that proponents of private enterprise don't like? __________ and ___________ Which of the following are stages in the business cycle? (circle all that apply) a. Prosperity b. Recovery c. Over indulgence d. Trough e. Contraction, or decline Which level in the company has the greatest responsibility in selecting the location of a factory? a. Marketing management b. Public relations management c. Operations management d. Production management If you had a computer program actively functioning in the production process, which one of the following would most likely be applied? a. Computer Aided Design b. Computer Integrated Manufacturing c. Computer Aided Manufacturing Which of the following are elements of the Gross Domestic Product? (circle all that apply) a. Consumption b. Capital spending c. Government Spending d. d. Exports-Imports e. Allowances During inflation, what generally happens to prices? (one word) Prices go_____ During deflation, what generally happens to prices? (one word)______ As a business owner, what would you do to prepare for a recession? What impact could it have your business? (Explain your decision and reason in complete sentences.)