"Roger, the operator's manual has a purpose-to allow the equipment to meet its performance goals and endure for a long time," said Chuck Nolan, plant manager. "You didn't perform scheduled maintenance on the equipment as specified in the manual, and now the equipment is ruined." The operator's manual is an example of a ________ plan.
A. SWOT
B. contingency
C. single-use
D. standing
E. strategic
Answer: D
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Which of the following statements is not true relating to a defined contribution pension plan?
a. A defined contribution plan defines the contributions of the company to the pension plan. b. Once the defined contribution is paid, the company has no further obligation to the pension plan. c. This type of plan shifts the risk to the employee as to whether the pension plan will grow to provide for a reasonable pension payment upon retirement. d. There is no problem estimating the company's pension expense. e. This type of plan presents substantial problems in estimating the pension liability.
In response to inflation, marketers may decide to either raise or decrease their prices
Indicate whether the statement is true or false
Flexible manufacturing systems are
a. designed to provide more flexibility in a firm's manufacturing process by using computer-aided machinery. b. the same as computer-aided design systems. c. commonly used by firms that need to make large quantities of one product. d. are very complicated and cause increased defect rates in output.
The original purpose of ________________________________________ (S&Ls) was to encourage family thrift and to provide loans to households for the purchase of homes.
Fill in the blank(s) with the appropriate word(s).