The type of utility on which production and operations management focuses is ____ utility.

A. place
B. time
C. form
D. possession
E. need


Answer: C

Business

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If the net present value of a long-term asset under consideration for purchase is negative, then the asset should not be purchased

Indicate whether the statement is true or false

Business

Standard costing would most often require which type of performance evaluation?

A) Flexible budgeting B) Static budgeting C) Variable costing D) None of these choices

Business

Alexander does not accept his classmate’s argument that same-sex couples should not be allowed to marry because this belief strongly contracts his beliefs. Alexander’s thoughts about this issue reflect his latitude of ______.

a. noncommitment b. understanding c. acceptance d. rejection

Business

Which element in the retail promotion mix most often emphasizes novelty?

a. public relations b. personal selling c. sales promotion d. advertising

Business