Answer the following statement(s) true (T) or false (F)
1. A perfect order is one that is received, processed, picked, packed, shipped, documented, and delivered on time without damage.
2. A perfect order is one that is received, processed, picked, packed, shipped, documented, and delivered on time without damage.
3. In logistics, attention to detail is important. This means that all relationships are created equal.
4. Only about 20% of all relationships are transctational in nature.
5. Growing your business by increasing sales with loyal customers is five times more expensive than finding and developing new customers.
1. True
2. False
3. False
4. False
5. False
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For the federal deficit to be lowered
A) the Federal Reserve must reduce the money supply. B) the federal government must decrease its spending and increase net exports. C) the federal government's expenditures must be lower than its tax revenue. D) the Federal Reserve must raise interest rates and lower the required reserve ratio.
Richard Baldwin's estimate was that the euro increased the trade level of its users by
A) only 5 percent. B) only 9 percent. C) over 30 percent. D) over 50 percent. E) only 12 percent.
Total revenue for producing eight units of output is $48. Total revenue for producing nine units of output is $63. Given this information, the:
A. average revenue for producing nine units is $1. B. average revenue for producing nine units is $15. C. marginal revenue for producing the ninth unit is $15. D. marginal revenue for producing the ninth unit is $1.
After browsing his cabinets to see what meals he can make, Ken is deciding whether to make nachos or spaghetti for dinner. If Ken makes spaghetti, we can conclude:
A. Ken doesn't like nachos. B. Ken will get more utility from making spaghetti for dinner than nachos. C. Ken prefers nachos over spaghetti. D. None of these is true.