Answer the following statements true (T) or false (F)
1. Developing capacity alternatives is part of the capacity planning process.
2. Capacity requirements are difficult to predict during the introductory stages of a product’s life cycle.
3. Changes in management style are a contributor to fluctuations in demand.
4. The capacity of service firms at all times has to be less than what is needed to meet demand.
1. False
2. True
3. False
4. True
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Which of the following is not one of the principles proposed by Fredrick Taylor to eliminate soldiering?
A. Give workers the training and incentives to do the task properly. B. Carefully select workers with the right abilities for the task. C. Study each part of the task scientifically. D. Reward employees equally and consistently. E. Use scientific principles to plan the work methods.
Which one of the following is the last step in the accounting cycle?
a. Journalizing business transactions b. Recording and posting adjustments c. Closing the accounts d. Preparing financial statements
Sales promotion can induce customers to become brand-loyal
Indicate whether the statement is true or false
When the functional currency is the U.S. dollar, financial reporting requires firms to use the ___________________________________ translation method
Fill in the blank(s) with correct word