Firms can significantly reduce the safety inventory they require by physically aggregating inventories in one location, which will also decrease transportation cost
Indicate whether the statement is true or false.
Answer: FALSE
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Which ethical decision-making approach focuses on taking action that results in the greater good for the majority of people?
a. Rights approach b. Justice approach c. Utilitarian approach d. Objectivity approach
Opportunity costs are the additional or incremental revenues generated by selecting a certain course of action.
Answer the following statement true (T) or false (F)
Christine agrees to marry Barry after he tells her he will buy her a brand-new Rolls Royce within a year of their marriage. After they are wed, Barry refuses to give her the car. What will happen if Christine sues Barry?
A. She will win because of the "one-year rule." B. She will lose because a promise made in consideration of marriage must be in writing. C. She will win because a spouse is legally required to keep the promises made to his/her partner. D. She will lose because Barry's promise of a car is a collateral promise, which must be in writing.
When launching a new venture, finding a way to begin doing business must ________ generate cash flow, build credibility, attract good employees, and overcome the liability of newness.
A. painlessly B. steadily C. quickly D. slowly