In a conventional marketing system, no channel member has much control over the other members, and no formal means exists for assigning roles and resolving channel conflict

Indicate whether the statement is true or false


TRUE

Business

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The final assembly schedule in a lean system:

A) should be developed for each product independent of the process requirements for the other products. B) strives to create a uniform flow at the work centers in the plant. C) avoids the use of small lot sizes because they create many production orders and cause confusion. D) allows daily changes in demand levels, regardless of size, to be incorporated immediately into the work center schedules.

Business

Why is the damage to the property of others also relevant for a firm?

A) It is a speculative risk. B) Since a firm needs to pay for the damage to the property of others C) Due to the complex supply chains upon which firms rely D) It is not relevant at all.

Business

Acme, Inc., produces widgets. To manufacture a new type of widget, it took 57 hr for the first widget. Acme estimates it has an 84% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 114th widget.

A. 17.27 hr B. 19.58 hr C. 16.52 hr D. 21.94 hr

Business

The security of symmetric encryption depends on the secrecy of the algorithm, not the secrecy of the key.

Indicate whether the statement is true or false.

Business