Which of the following economic characteristics is consistent with a grocery store chain?
a. Low barriers to entry.
b. High levels of research and development.
c. High profit margins.
d. Low capital intensity.
A
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Anything for which managers want a separate measurement of cost is called a ________.
A) responsibility center B) cost object C) profit object D) conversion cost
The JIT operating philosophy must be adopted by everyone in a company before its total benefits can be realized
Indicate whether the statement is true or false
Productivity is measured by the
a. total quantity of output generated from a limited amount of input during a time period. b. quantity of good output generated from a specific amount of input during a time period. c. quantity of good output generated from the quantity of good input used during a time period. d. total quantity of input used to generate total quantity of output for a time period.
Which of these duties is more reflective of a leader's tasks?
A) Efficiency of operations B) Delegation and maintaining C) Motivation and inspiration D) Marshalling resources