When respecifying a categorical variable with K categories, only K - 1 dummy variables are needed because only K - 1 categories are independent

Indicate whether the statement is true or false


TRUE

Business

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The first step in the weighted-factor rating technique is to

a. Multiply each factor score by its weight and sum the weighted scores for each location b. Identify all factors considered important to the facility location decision c. Assign a weight to each factor d. Assign a performance score to each factor for each location

Business

Which of the following are not allowed to enter goods into the customs territory of the United States?

A) The purchaser of the goods B) A customs broker authorized to act on behalf of the importer C) Nonresident individuals and foreign corporations D) All of the above may enter goods

Business

How can information systems be used to improve processes?

A) by creating a bottleneck situation B) by improving one of the activities in the process C) by removing unproductive resources D) by minimizing automation

Business

How can a change in customers, product lines, and supply chains affect business processes?

What will be an ideal response?

Business