Lean operations are known for their:
A) employee development.
B) supplier education.
C) supplier partnerships.
D) challenging jobs.
E) All of the above are attributes of lean operations.
E
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What is intellectual property? What are the various categories of intellectual property?
What will be an ideal response?
Which of the following would be a long-term goal?
A) Paying off a school loan in three years B) Purchasing a car within six months C) Saving enough money to retire in 20 years D) Paying for two years of college
Which of the following would not be considered a state of nature for a business firm?
a. Federal Reserve regulations. b. Food and Drug Administration regulations. c. The number of employees to hire. d. Minimum wage regulations. e. What other firms charge for price.
Intellectual property rights are easier to define and protect than property rights for physical assets (e.g., plant and equipment).
Answer the following statement true (T) or false (F)