The ability of a supply chain to quickly respond to short-term changes in demand or supply is called ________.

Fill in the blank(s) with the appropriate word(s).


Answer: agility

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You are planning to buy a stock, the risk on which is dependent on two factors: (1) the change over the last year in the inflation rate and (2) the spread between ten-year Treasury bonds and three-month Treasury bills.  Suppose the average risk-free interest rate is 1 percent. The beta coefficients of the stock associated with the change in inflation rate and spread between ten-year Treasury bonds and three-month Treasury bills are -2 and 5 respectively. If you expect the inflation rate to rise 1 percentage point and you think the spread will be 3 percentage points. What is the expected return to this stock? Use the arbitrage-pricing theory.

A. 11 percent B. 12 percent C. 14 percent D. 18 percent

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The law covering security interests in personal property is contained in Article ________ of the Uniform Commercial Code.

A. 4 B. 9 C. 3 D. 6

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Answer the following statements true (T) or false (F)

Accounting theory is developed and refined by the process of accounting research.

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Which of the following is not a true statement?

a. A principle is a statement of a true and generalized nature containing referents to the real world. b. If a principle could be empirically tested and proven true, it would be capable of becoming a law. c. The truth of a law or principle means that is should not be replaced by a newer system. d. Principles are general statements that influence the way we view phenomena and the way we think about problems.

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