Which of the following statements regarding financial flexibility is true?
A) It is the ability of a company to provide a return on investment.
B) It is the ability of a company to take effective actions to insure the return of capital to the company.
C) It is the ability of a company to take adapt changes in the amounts and timing of cash flows.
D) It is the ability of a company to maintain a given level of operations.
C
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Which of the following statements about the balanced scorecard approach is true?
A) The four perspectives of the balanced scorecard revolve around measures of quality, productivity, efficiency and timeliness, and marketing success. B) The balanced scorecard approach requires looking at performance from four different but related perspectives: financial, customer, internal business, and learning and growth. C) The balanced scorecard approach integrates financial and nonfinancial performance measures. D) All of these are true.
Which types of quality costs are incurred after a defective product is delivered to a customer?
A) Appraisal (detection) costs B) Prevention costs C) External failure costs D) Internal failure costs
__________is the process of hiring another organization to do work that was previously done within the host organization.
A. Trade blocs B. Parochialism C. Onshoring D. Expatriate E. Outsourcing
Holding costs can be expressed as ______.
A. the total carrying cost per unit per time period B. the sum of setup costs and ordering costs C. a hidden cost D. proportional to manufacturing costs