Lean supply chain management focuses on eliminating waste:
A) in a firm's sourcing and logistics activities.
B) within a firm's internal operations.
C) in flows of information and money among supply chain partners.
D) in all of the above areas.
Answer: D
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Goodwill can be recorded as an asset when a(n):
A) business has above normal profitability compared to other businesses in its industry. B) business can determine that it has created customer goodwill and name recognition. C) offer is received to purchase the business at a price in excess of the value of the assets. D) business is purchased and payment is made in excess of the value of the net assets.
The executive summary of a business plan ________
A) can be as long as needed to get your message across B) should be written first to get your thoughts in order C) can be combined with the mission statement D) All of these statements about a business plan's executive summary are correct
The ________ states that a statute or treaty is to be interpreted only from the words contained within the statute or treaty
A. foreseeability test B. Ultravires rule C. plain meaning rule D. per se rule
The principal offensive strategy options include all of the following except
A. using hit-and-run or guerrilla warfare tactics to grab sales and market share from complacent or distracted rivals. B. initiating a market threat and counterattack simultaneously to effect a distraction. C. pursuing continuous product innovation to draw sales and market share away from less innovative rivals. D. offering an equally good or better product at a lower price. E. launching a preemptive strike to secure an advantageous position that rivals are prevented or discouraged from duplicating.