Which of the following is NOT a characteristic of the inbound supply chain for many projects?
a. It is short.
b. It is complex.
c. It has many tiers of suppliers.
d. It is long.
a. It is short.
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Answer the following statements true (T) or false (F)
1. A clan culture has an external focus and values flexibility rather than stability and control. 2. An adhocracy culture attempts to create innovative products by being adaptive, creative, and quick to respond to the environment. 3. A market culture has a strong external focus and values stability and control. 4. When Pfizer Pharmaceuticals manages failure and disappointment and helps drug researchers live for the small victories in discovering new drugs for various diseases, it is focusing on the adhocracy aspects of its culture.
Cost hierarchy includes only value-adding activities
Indicate whether the statement is true or false
In a competitive environment, the situation in which products that perform the same function compete against one another is referred to as ________ competition.
Fill in the blank(s) with the appropriate word(s).
Pickrel Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Well ServicedRevenue $5,500Employee salaries and wages$53,700 $1,300Servicing materials $600Other expenses$34,400 When the company prepared its planning budget at the beginning of November, it assumed that 27 wells would have been serviced. However, 31 wells were actually serviced during November.The amount shown for total expenses in the planning budget for November would have been closest to:
A. $146,200 B. $147,000 C. $127,335 D. $139,400