Value-chain analysis can only be applied to manufacturing operations.

Answer the following statement true (T) or false (F)


False

The value chain can be applied to service organizations, suggesting that the value-adding process may be configured differently depending on the type of business a firm is engaged in.

Business

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What term is defined as “giving for the alleviation of human suffering?”

A. charity B. voluntarism C. philanthropy D. nonprofitism

Business

In order to be a recorded contingent liability, the liability must be possible and easily estimated

Indicate whether the statement is true or false

Business

What focuses on creating artificial intelligence devices that can move and react to sensory input?

A. 3D Printing B. Robotics C. RFID D. Drones

Business

Brigid Boats is a manufacturer of customized sailboats. In 2013, the company produced 74 boats, in 2014 it built 81 boats, and in 2015 it built 79 boats. The company’s cost of labor was $575,000 in 2013, $600,000 in 2014, and $610,000 in 2015. What direction did Brigid’s productivity growth rate change from 2013 to 2014 and then from 2014 to 2015?

a. Increase and then continue to increase b. Decrease and then increase c. Increase and then decrease d. Decrease and then continue to decrease

Business