The SMED concept was developed by?
a. Deming
b. Ford
c. Ishikawa
d. Shingo
d. Shingo
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If you plan to invest $10,000 and want to determine how much will be accumulated in six years if you earn interest at 7% per year, you would calculate this using the future value of an annuity
a. True b. False Indicate whether the statement is true or false
Which of the following best describes why firms choose to create codes of ethics?
A. Companies must have a written code of ethics in order to conduct interstate commerce in the U.S. B. They allow firms to create a formal set of expectations for employees who may have different sets of personal values. C. Because most people will not behave ethically without a written set of guidelines. D. Codes of ethics protect firms against lawsuits that may be filed due to corporate fraud.
In the purchase process, once a problem has been identified, the next step is to ________.
A. seek sales proposals B. prepare a distribution document resembling the request for proposal C. identify potential suppliers D. evaluate equally-qualified vendors and purchase criteria E. clearly define the need and develop product specifications
The opposite strategy to rationalized retailing is _____
a. micromerchandising b. risk-minimization retailing c. centralized management d. category management