Which of the following statements is not a benefit of EDI to retailers and their vendors?
A. Information flows quicker, so inventory turnover is higher.
B. It improves overall quality of communications.
C. It is a computer readable format that can be easily analyzed.
D. EDI increases the desirability of the product for the end consumer.
E. EDI reduces cycle time.
Answer: D
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Which statement is not true concerning the clustering solution if the variables are measured in vastly different units?
A) The clustering solution will not be influenced by the units of measurement. B) Standardization can reduce the differences between groups on variables that may best discriminate groups or clusters. C) It is desirable to eliminate outliers. D) We must standardize the data by rescaling each variable to have a mean of zero and standard deviation of unity.
Top management must proactively evolve the focus and strategy of the firm to take advantage of changing conditions and the advent of new technologies
Indicate whether the statement is true or false
The term "time compression" refers to the phenomenon that a server tends to speed up the service process if the waiting line exceeds some critical number of customers
Indicate whether the statement is true or false.
You have accumulated $8,000 toward the down payment on a piece of lake front property in rural Minnesota. You wish to accumulate $12,000 for the down payment in four years
If you choose not to contribute more new funds to your down payment fund, what rate of return must your fund earn to reach your objective in the specified time? Assume that your investment fund compounds annually. A) 10.67% per year B) 50.00% per year C) 12.50% per year D) There is not enough information to answer this question.