Although laissez-faire competition leads to inequality of wealth, Confucius believed that equal distribution of wealth was better
a. True b. False
a
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The virtual corporation will seem to be a single entity with vast capabilities but will really be the result of numerous collaborations assembled only when needed
Indicate whether the statement is true or false
All of the following are true regarding a high quality balance sheet except:
a. It should portray the economic resources that can be reasonably expected to generate future economic benefits. b. It should provide a complete and fair portrayal of all of the firm's obligations at a point in time, including the present value of long-term liabilities for future payments. c. It should minimize measurement error and bias. d. It should be optimistic in terms of accounting numbers.
Define the decision variables and objective function for this problem
Andy Tyre manages Tyre's Wheels, Inc. Andy has received an order for 1000 standard wheels and 1200 deluxe wheels for next month, and for 750 standard wheels and 1000 deluxe wheels the following months. He must fill all the orders. The cost of regular time production for standard wheels is $25 and for deluxe wheels, $40. Overtime production costs 50% more. For each of the next two months there are 1000 hours of regular time production and 500 hours of overtime production available. A standard wheel requires .5 hour of production time and a deluxe wheel, .6 hour. The cost of carrying a wheel from one month to the next is $2.
The practice of hiring relatives is known as
A. family-based hiring. B. inverted familial diversification. C. re-recruiting. D. nepotism.