Which of the following statements is (are) true about non-value-added activities?I.Non-value-added activities are often unnecessary and dispensable. II.Non-value-added activities may be necessary but are being performed in an inefficient and improvable manner. III.Non-value-added activities can be eliminated without deterioration of product quality, performance, or perceived value.
A. II only
B. I, II, and III
C. III only
D. I only
E. I and II
Answer: B
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The shared meanings, beliefs, morals, values, and customs of a group of people constitute their
A. social concerns. B. demographics. C. religion. D. generational cohorts. E. culture.
Mandy purchased a business law book and used it during her business law class. She later loaned the book to Steven, and then to Christen. Another student accused her of copyright violation and threatened to report her to the book publisher and also to her school's ethics board. Did Mandy violate the copyright laws?
a. Yes. b. No, because her loans would be covered by the fair use doctrine. c. No, because her loans would be covered under the first sale doctrine. d. No, because her loans would be covered under the equivalency doctrine
Cost of goods sold is also called cost of sales.
Answer the following statement true (T) or false (F)
Tina owns a workshop that specializes in making intricate wooden decorative items. She makes scale models of most of the existing objects around the world. She faces virtually no competition in her business and thus enjoys a stable growth. The opportunity of _____ is highlighted in the given scenario.
A. providing personal customer service B. having lower overhead costs C. using technology D. exploiting market niches