A production capacity question that needs to be answered before a company goes global with operations is "How much additional production capacity will be needed at home and abroad?"
Answer the following statement true (T) or false (F)
True
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Management innovations such as total quality, benchmarking, and business process reengineering cannot lead to sustainable competitive advantage because
A. they cost too much money and effort to implement. B. every company is trying to implement them. C. companies that have implemented these techniques have lost money. D. there is no proof that these techniques work.
Which of the following would not be entered into any of the four special journals covered in this chapter?
a. purchases on account; b. wages payable; c. rent revenues received; d. sales discounts; e. all of these would be entered into a special journal.
Answer the following statements true (T) or false (F)
1. The practice of evaluating financial ratios to determine an organization's financial health is called viability analysis. 2. The task of external auditors is to verify that the organization, in preparing its financial statements, followed generally accepted accounting principles. 3. An internal audit is a verification of an organization's financial accounts and statements by the organization's own professional staff. 4. A principle of Deming management is that quality should be aimed at the needs of the worker.
All laws are framed to meet the highest ethical standards
Indicate whether the statement is true or false