Management is willing to tolerate one stockout every 2 years for a specific item. If 10 orders are
placed for the item each year the service level desired is:
A) 80%.
B) 90%.
C) 85%.
D) 95%.
E) none of the above
D
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The VRIN characteristics stand for:
a. Valuable, Real, Imitable, Non-substitutable b. Valuable, Rare, Industrial, Non-substitutable c. Valuable, Real, Independent, Non-substitutable d. Valuable, Rare, Imperfectly imitable, Non-substitutable
An insurance broker typically works for a single insurance company
Indicate whether the statement is true or false
Prentice and Mercedes are partners in a catering business. The law of agency:
a. has no significance for their business. b. is important to their business because both Prentice and Mercedes are agents of the partnership and as such have the authority to represent and bind the business in all usual transactions of that partnership. c. will only affect their business if they hire employees. d. will only affect their business if they hire independent contractors.
Explain why firms that achieve both adaptability and alignment are considered ambidextrous organizations.
What will be an ideal response?