Answer the following statements true (T) or false (F)
1.Generally speaking, transportation costs are more important than production costs as a source of comparative advantage.
2.According to the product life cycle theory, comparative advantage shifts from cheap-labor countries to high-technology countries after a manufactured good becomes standardized.
3.The product lifecycle theory contends that when a new product is introduced to the home market, it generally requires low-skilled labor to produce it.
4.Although some people may be harmed by international trade, the Heckscher-Ohlin theory asserts that free trade will promote the standard of living for the nation as a whole.
5.Assume that labor is relatively scarce in the United States. According to the factor-price equalization theory, American labor may opt for trade barriers once trade opens up.
1.False
2.False
3.False
4.True
5.True
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The investor carrying an investment by the equity method records cash dividends received as an increase in the carrying amount of the investment
a. True b. False Indicate whether the statement is true or false
The accounting life of intangible assets is determined by
a. their legal lives. b. their useful lives. c. their legal lives or useful lives, whichever is shorter. d. the tax life mandated by the IRS.
Answer the following statements true (T) or false (F)
1. When there is short-term high demand, an organization should add capacity to fix the waits. 2. The design day and the capacity day are both concepts used by organizations to predict guest demand. 3. Any waiting-line model must include the number of guests arriving and how long it takes to serve guests. 4. The single-channel, multi-phase queue is essentially two or more single-channel, single-phase queues in sequence. 5. “People don’t want to wait in two lines” has been said to be a disadvantage of multi-phase queues.
In a goal programming model, goal priority indicates the order of importance for achieving each goal
a. True b. False