A _____ is the most common depository institution.
A. not-for-profit organization
B. savings and loan association
C. credit union
D. commercial bank
Answer: D
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The acquisition cycle begins with which of the following?
a. A payment. b. A purchase order. c. A requisition. d. A receiving report.
Facilities management refers to ______.
A. selecting the best locations and planning for the optimal manufacturing or service capacity B. managing the layouts of distribution centers at major retailers such as Walmart C. organizing the recruitment and staffing at retail centers D. arranging for the storage of raw materials at intermediate points on the transportation route
This market describes two or more customer segments that are linked but independent of each other.
a. mass market b. diversified market c. matching markets d. multisided markets
The entire plant needs a fresh coat of paint so you, as the operations manager, are charged with securing a painting contract to accomplish this. You locate four painting contractors and ask them for their performance on four criteria
Their responses, along with your minimum standards and the importance you place on each criterion, is shown in the table. Assign scores from 1 to 5 where 1 is terrible and 5 is excellent, for each contractor's performance on each criterion and determine who should be awarded the contract. Write a brief explanation for all the 1s and 5s you assign. Contractor Cost 20% Paint Time 25% Experience 20% References 20% Paint Quality 15% 1 $22,000 5 days 15 years Positive 20 year 2 $20,000 4 days 10 years Strongly positive Lifetime 3 $25,000 8 days 3 years Positive 25 year 4 $22,500 5 days 25 years Strongly positive 20 year Minimum Standard Less than $25,000 Less than 1 week 5 years in business No negative references out of three 15 year guarantee What will be an ideal response?