A consortium led by the French Association of Value Analysis and the Association of German Engineers explored, developed and articulated the value management approach for the European Union. The consortium first urges firms to:
a. focus on business processes
b. adopt a supply management orientation approach
c. adopt a customer-value philosophy and set of action guidelines
d. incorporate a procurement orientation into all aspects of buying
c
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A contract is implied when the parties directly state its terms at the time the contract is formed.
Answer the following statement true (T) or false (F)
Which of the following is one of the conditions that a nondegenerate optimum solution obtained in the stepping stone method should satisfy?
A. The number of cells with positive allocations should be less than the number of rows plus the number of columns in the transportation matrix. B. The number of cells with positive allocations should be greater than the number of rows minus the number of columns in the transportation matrix. C. The number of cells with positive allocations should be equal to the number of rows plus the number of columns in the transportation matrix minus one. D. The number of cells with positive allocations should be equal to the number of rows plus the number of columns in the transportation matrix.
At the top of the management pyramid, or hierarchy, are ____________________.
Fill in the blank(s) with the appropriate word(s).
Which of the following was established by the Dodd-Frank Act?
a. The Consumer Financial Protection Bureau b. The Securities and Exchange Commission c. The Commodity Futures Trading Commission d. The Consumer Product Safety Commission