_____ is a simultaneous engineering approach that occurs between buyer and seller and seeks to maximize the benefits received by taking advantage of the supplier's design capabilities
a. Supplier development
b. Early supplier design involvement
c. Total cost of ownership
d. Supplier relationship management
e. Supply base optimization
b
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After studying the differences between groups and teams, Devon realizes that she and the people she works with every day fall somewhere between the two. She and her coworkers might be described as being ______.
a. semiautonomous b. self-directed c. management directed d. undirected
Kelly owns a life insurance policy. On January 1 she pays her annual premium of $20,000 to the insurer. On April 1, Kelly decides that she doesn't want her life insurance any more
She decides to cancel the policy, get back a pro-rata refund of the unused premium ($15,000), and use the money to pay for liposuction and a tummy tuck. What, if anything, is wrong with this scenario? A) Nothing; Kelly will get back $15,000 and can have her surgery. B) Kelly has made the faulty assumption that she will receive a pro-rata refund; she will instead receive a short-rate refund, which will be an amount less than $15,000. C) Kelly has made the faulty assumption that she will receive any refund; cancellation of a life insurance policy does not result in a refund of premiums paid. D) Kelly has made the faulty assumption that any surgeon can help her.
HMOs:
A) are the same as PPOs but cover only groups of individuals B) collect a capitation payment for each insured and provide "comprehensive" health and preventive care C) tend to be found mostly in rural areas D) provide a reduced fee if the insured has zero claims during the preceding policy year
Imagine that you want to open your own small business. You will probably be most concerned with having
A. a lot of inventory in the warehouse on opening day. B. a really good lawyer and an even better accountant. C. the best Madison Avenue ad agency money can buy. D. a good source of capital and good management skills. E. a top-notch marketing consultant and a lot of inventory in the warehouse.