Which one of the following is an advantage of lean systems?
A) Lean systems reduce equipment needs by using larger lot sizes.
B) Lean systems can be implemented in any production environment.
C) Lean systems result in a decrease in safety stock and work-in-process inventory.
D) Lean systems result in an increase in manufacturing lead times.
C
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All of the following are recognized as disadvantages of using in-home interviewing to collect research data EXCEPT:
A) low control of field force. B) potential for interviewer bias. C) poor sample control. D) most expensive. E) may take long to collect the data.
Several transfer pricing policies are used in practice. These transfer pricing policies include:
A) transfer at market price. B) transfer at negotiated price. C) transfer at cost. D) all of these policies.
The problem of motivating one party to act in the best interest of another party is known as the ________
A) leadership directive B) management priority C) principal-agent problem D) sigma six structure
If a loan is cosigned and the borrower defaults, the lender has the right to sue the cosigner or try to seize the cosigner's assets just as if that person were the borrower
Indicate whether the statement is true or false.