Which of the following is NOT a performance measure used by theory of constraints to evaluate the effectiveness of improvements?
a. increased throughput
b. reduction in inventory
c. reduction in throughput
d. reduction in operating expense
c. reduction in throughput
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Managers should focus on the asset they must protect, which in most cases is _____, not applications.
A. hardware B. software C. information D. systems
How would the collection of an account receivable affect the current ratio and the quick ratio, respectively?
A) No effect on current ratio; increase in quick ratio B) Increase in current ratio; increase in quick ratio C) No effect on current ratio; no effect on quick ratio D) Decrease in current ratio; decrease in quick ratio
The type of competitive structure that exists in the case where there are almost no substitutes for a product is a(n)
A. monopolistic competition. B. oligopoly. C. pure competition. D. monopoly. E. noncompetition.
When a third person makes payment to an authorized agent, such payment is deemed made to the principal at the time the agent remits the payment to the principal
Indicate whether the statement is true or false