Which of the following statements is not an accurate description of the importance of knowledge to a firm?
A) Knowledge experiences network effects as more people share it.
B) Knowledge should be seen as an intangible key asset.
C) Knowledge enables firms to become more efficient in their use of scarce resources.
D) Knowledge is unconditional.
E) Much of the firm's value relies on being able to create knowledge.
D
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The itemized statement of goods prepared by a vendor listing the customer's name, items sold, sales prices, and terms of the sale is called the:
A. Purchase order. B. Purchase requisition. C. Invoice approval. D. Receiving report. E. Invoice.
Which sentence is expressed correctly?
A) When this project is completed; I will be taking a much-needed vacation. B) When this project is completed I will be taking a much-needed vacation. C) When this project is completed, I will be taking a much-needed vacation.
Which of the following statements is true of flotation costs??
A. ?Flotation costs decrease the cost of preferred stock to the issuing firm. B. ?Flotation costs are added to the issue price of preferred stock to compute the cost of preferred stock. C. ?Floatation costs are added to the cost of debt to compute the weighted average cost of capital of a firm. D. ?Floatation costs result in higher funds available from the issue of preferred stock to the firm. E. ?Floatation costs increase the rate the issuing firm must earn to pay the preferred dividend.
Controlling OperationsCharles is the operations manager of a firm which operates as a leaf tobacco merchant and processor worldwide. Charles believes that the firm's productivity can be increased substantially from the current level. He wants to exert control to improve organizational performance and productivity.Charles discovers major flaws in the packaging department. He consults the production manager and formulates control measures to improve packaging. Here, Charles is using the ________ control.
A. feedback B. proactive C. concurrent D. feedforward