If a company focuses on being efficient in their operations and processes, lowering costs, and delivering good value, that company is attempting to build a competitive advantage based on:
a. Production orientation
b. Customer intimacy
c. Strategic efficiency
d. Operational excellence
e. Process improvement
d. Operational excellence
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Which of the following equipment maintenance alternatives is generally suited best for large organizations rather than medium-sized or small-sized organizations?
A. Service contract B. Call basis C. In-house D. Self-service
Differentiate between licensing requirements designed to protect the public and those designed to generate revenue
Heavy Equipment Inc stores its tractors, graders, trucks, and dozers in buildings surrounded by a fence on land that the company owns. The fence and the wall of one of the buildings leans onto adjacent land that Indigo County Airport owns. Most likely, this violates the airspace rights of
a. Heavy Equipment. b. Indigo County. c. individuals who seed clouds and produce rain aritficially. d. commercial and private planes that fly over the property.
Combining universal ethical principles with long-term thinking can help prevent unethical actions in lending
Indicate whether the statement is true or false