Marginal revenue is the change in total revenue caused by a one-unit change in output
Indicate whether the statement is true or false
True
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The buyer must include goods purchased FOB shipping point in its inventory account if the goods are still in transit
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Discrimination is an illegal practice that gives unfair treatment to diversity groups in employment decisions. 2. There is relatively little evidence that diversity helps teams and organizations perform better in terms of creativity, innovation, revenue, and profits. 3. The aging of the global population suggests an increased need for health care workers and a decreased need for factory workers. 4. Although the current workforce is essentially split between men and women, women earn about 77% of what men make.
Gambriella’s is a company that manufactures clothes, shoes, and umbrellas. They use ____ so that they can integrate all of their departments and functions across their company into a single computer driven system.
a. Materials requirements planning (MRP) b. Enterprise resource planning (ERP) c. Supply chain management (SCM) d. Just-in-time manufacturing (JIT)
Which of the following is an example of an innovation in operations management to gain a competitive edge?
a. the way work is organized b. hiring capable employees c. arranging for new sources of finance d. finding new ways of advertising