Which of the following statements is false?
a. A performance measure that encompasses a firm's long-run average activity is referred to as ideal activity.
b. A performance measure that is short-term in nature and represents a firm's anticipated activity level for the upcoming period is expected capacity.
c. A performance measure that assumes all production factors are operating perfectly is referred to as theoretical capacity.
d. The performance measure that takes into account routine interruptions is known as practical capacity.
a
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Martin is an intern working for Tennessee Fried Chicken (TFC), an international company with over 1,000 franchised restaurants throughout the United States and in 21 other countries. TFC heavily advertises on television and in various print media that its chicken is superior due to its blend of "42 secret herbs and spices." Many have tried to duplicate the recipe unsuccessfully, and burglars have even been caught trying to steal it. One day Martin is called into the president's office for an assignment, and during their conversation, the president leaves the room, leaving Martin alone. Martin notices that the wall safe is open and looks inside, where he sees an envelope labeled "THE RECIPE." He opens it and finds that it is the list of the 42 secret herbs and spices, along with quantities
and order of use. He quickly makes a copy of the recipe and returns the envelope to the safe. That afternoon, he calls Bluto's Fried Chicken, a TFC competitor, and informs Bluto's of the information he possesses, and they arrange a meeting. If Martin sells the recipe to Bluto's, who, if anyone, would be guilty of misappropriation? A. Neither Martin nor Bluto's is guilty of misappropriation because leaving the safe open shows that the secret was not guarded and guarding is necessary to qualify for trade secret protections. B. If Martin sells the recipe to Bluto's, Martin is not guilty of misappropriation but Bluto's is guilty of misappropriation. C. If Martin sells the recipe to Bluto's, Martin is guilty of misappropriation but Bluto's is not guilty of misappropriation. D. If Martin sells the recipe to Bluto's, both Martin and Bluto's are guilty of misappropriation.
Which of the following areas offers an opportunity to eliminate waste?
a. raw material and labor b. space and production time c. recordkeeping and working capital d. all of the above
DigiCell Inc. sells computer equipment to small- and mid-sized businesses. Its website provides in-depth information on its products, customer service, shipping policies, and suppliers. Like most business-to-business sites, the primary objective of this website is to
A. create diseconomies of scale. B. disseminate information. C. replace advertising in trade journals. D. eliminate economies of scale. E. prevent price wars.
Income is an example of
a. categorical data b. either categorical or quantitative data c. dollar data d. quantitative data