Answer the following statement(s) true (T) or false (F)
1. The smart management of purchasing costs with an objective to reduce cost is referred to as spend management.
2. An objective of supply management is to assure the required levels of purchased item quality.
3. Office supplies are an example of low-risk, functional goods.
4. A bidder submits a bid that does not conform to the invitation to bid is submitting a bid that is not responsive.
1. True
2. True
3. True
4. True
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The probability that Pete will catch fish when he goes fishing is .88. Pete is going to fish 3 days next week. Define the random variable x to be the number of days Pete catches fish. The variance of the number of days Pete will catch fish is
A. 0.56. B. 0.88. C. 2.64. D. 0.3168.
Unearned revenues are amounts received in advance from customers for future products or services.
Answer the following statement true (T) or false (F)
Explain the importance of marketing research in decision making
What will be an ideal response?
How can managers overcome constraints? Give an example of how a manager in a manufacturing setting can overcome typical constraints.
What will be an ideal response?