Which of the following is not a basis of hard power?
a. coercive
b. personal
c. formal
d. reward
b. personal
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If ending inventory is understated, then cost of goods sold is overstated
a. True b. False Indicate whether the statement is true or false
Which of the following is not an assumption of the Economic Order Quantity model?
a. demand for the product is known with certainty b. total cost per year of placing orders is fixed c. lead time is known and is constant d. there are no quantity discounts
Answer the following statement(s) true (T) or false (F)
1. After the site is selected, the management team should plan the layout of the facility, in detail. 2. Organizations that utilize a just-in-time inventory control approach expect inventory to arrive from suppliers just at the time they are needed. 3. The just-in-time inventory approach was developed by General Motors in Detroit. 4. EDI develops closer ties between the supplier and the producer. 5. Materials requirements planning (MRP) is most common in large service organizations such as hospitals and universities.
A competitive assessment may reveal that a market segment that initially seemed attractive may not be worth pursuing.
Answer the following statement true (T) or false (F)