Explain linkages with an example
What will be an ideal response?
Porter's model of business activities includes linkages, which are interactions across value activities. For example, manufacturing systems use linkages to reduce inventory costs. Such a system uses sales forecasts to plan production; it then uses the production plan to determine raw material needs and then uses the material needs to schedule purchases. The end result is just-in-time inventory, which reduces inventory sizes and costs.
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A trial balance is a financial statement
a. True b. False Indicate whether the statement is true or false
Each customer entering a department store will either buy or not buy some merchandise. An experiment consists of following 3 customers and determining whether or not they purchase any merchandise. How many sample points exist in the above experiment? (Note that each customer is either a purchaser or non-purchaser.)
A. 3 B. 6 C. 8 D. 9
Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $40,000 and $60,000 respectively. Income Summary has a credit balance of $20,000. What is Saturn's capital balance after closing Income Summary to Capital?
A) $55,000 B) $75,000 C) $45,000 D) $65,000
Which of the following activities would most likely be associated with the "no customer contact" level of a service?
a. Receipt of customer payment at a cash register b. Employee training c. Checking a customer’s pulse and blood pressure d. Serving a customer drinks at a bar