________ is a philosophy of continuous improvement of products and processes.

A) Just-in-Time (JIT) Management
B) Enterprise Resource Planning (ERP)
C) Supply Chain Management (SCM)
D) Total Quality Management (TQM)


D) Total Quality Management (TQM)

Business

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If Amelia spends $300 per year at The Gap and spends an average of $1500 per year on clothes, then the share of customer for The Gap:

A) is 20 percent B) is 50 percent C) is $300 D) cannot be determined with the information provided

Business

Available-for-sale debt securities are valued on the balance sheet at

a. cost, adjusted for the effects of interest. b. maturity value. c. fair value. d. original cost.

Business

Which of the following is FALSE concerning teams?

a. A group must go through a developmental process to begin functioning as a team. b. Team members need training in problem solving, goal setting, and conflict resolution. c. The self-directed work team can become the basic organizational building block to help assure success in dynamic global competition. d. Skills for successful participating in team environments are the same as those for success in traditional organizations.

Business

Suppose that an ABS is created from a portfolio of subprime mortgages with the following allocation of the principal to tranches: senior 80%, mezzanine 10%, and equity 10%. Losses on the mortgage portfolio prove to be 16%

What, as a percent of tranche principal, are losses on the mezzanine tranche of the ABS A. 50% B. 60% C. 80% D. 100%

Business