Which of the following is NOT an example of a raw material?
A) industrial glue
B) iron
C) oil
D) corn
E) wood
Answer: A
Explanation: A) Industrial glue is an example of a process material.
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Which of the following statements about businesses is true?
A. Businesses provide goods and services and receive payment in money. B. Businesses frame rules and regulations to maintain the law and order in a country. C. Businesses determine the kinds of goods and services that a government will use. D. Businesses do not interact with other players in the economy. E. Businesses are seldom affected by economic cycles.
Fixed costs may be relevant in a decision.
Answer the following statement true (T) or false (F)
Having too little data is the most common problem an organization has with its measurement system
a. True b. False Indicate whether the statement is true or false
Which of the following is true regarding crisis management?
A. Even the most prepared company can't plan for how to react to every type of disaster. B. It is important to respond privately and deliberately when a disaster occurs. C. Approximately 75 percent of businesses fail to reopen after a serious disaster because most companies don't make appropriate crisis management plans. D. Many companies have crisis management teams to deal specifically with problems, permitting other managers to continue to focus on their regular duties. E. Once a company develops a crisis management plan, it never needs to reevaluate that plan.