Is there an optimal amount of preventive maintenance? What caution should be exercised before calculating this optimal amount?
What will be an ideal response?
Too little preventive maintenance causes breakdown costs to rise sharply, adding more to cost than is saved by less preventive maintenance; too much preventive maintenance reduces breakdowns, but by an amount insufficient to offset the added cost of preventive maintenance. Operations managers should assure that all costs of breakdowns have been properly included in the calculations. There may be a history of not including indirect and subjective breakdown cost elements, which leads to performing too little preventive maintenance.
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Cause-related marketing can reduce the problem of brand parity by helping consumers feel more loyal to a brand
Indicate whether the statement is true or false
A reminder ad
A. promotes a specific brand's features and benefits. B. assures current users they made the right choice. C. reinforces previous knowledge of a product. D. shows one brand's strengths relative to those of competitors. E. tells people what a product is, what it can do, and where it can be found.
As a general rule in computing the standard error of the sample mean, the finite population correction factor is used only if the:
A. sample size is smaller than 5% of the population size. B. sample size is greater than 5% of the sample size. C. sample size is more than half of the population size. D. None of these choices.
Which of the following statements is incorrect?
A) Limited partners' liability for partnership debt is limited to their amount of investment. B) In a general partnership, all partners have unlimited liability for partnership debts. C) In a limited partnership, all partners participate in managerial decision making. D) All of the above are correct.