One of the reasons the International Court of Justice (ICJ) is so vital to the resolution of international business disputes is that all parties are bound by the ICJ's decisions. Because of this, the Court has vast enforcement power

a. True
b. False
Indicate whether the statement is true or false


False

Business

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In a just-in-time (JIT) inventory system, suppliers of direct materials must be willing to make fewer deliveries in larger lots

Indicate whether the statement is true or false

Business

When the Fed engages in an overnight reverse repo

A. a bank agrees to hold a certain amount of clearing balances at the Fed. B. the fed sells securities and agrees to buy them back in one day. C. a primary government securities dealer agrees to sell a security to the Fed one day and buy it back the next day. D. The Fed repossesses property that a bank owns as punishment for the bank's failure to pay off a discount loan.

Business

The most efficient method of testing a large population is the use of non-statistical sampling

a. True b. False Indicate whether the statement is true or false

Business

Sam Doharty, a purchasing manager in Willard Groups of Companies, is currently working with engineers and consultants to define the items to be purchased

Additionally, Sam and his team are ranking the importance of reliability, durability, and price desired in the items. In other words, they are preparing a(n) ________. A) decision tree B) supplier list C) product proposal D) order-routine specification E) general need description

Business