________ emphasizes the linkages between firms that tie operations together with the goal of satisfying customers.
Fill in the blank(s) with the appropriate word(s).
Answer: Supply chain and operations (SC&O)
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Free Standing Inserts (FSI) are found primarily in:
A) magazines B) newspapers C) shopping malls D) catalogs
Answer the following statements true (T) or false (F)
1.Relatively low wages in Mexico make it impossible for U.S. manufacturers of labor-intensive goods to compete against Mexican manufacturers. 2.According to the infant-industry argument, temporary tariff protection granted to an infant industry will help it become competitive in the world market. When international competitiveness is achieved, the tariff should be removed. Exhibit 4.2 In the absence of international trade, assume that the equilibrium price and quantity of motorcycles in Canada is $14,000 and 10 units respectively. Assuming that Canada is a small country that is unable to affect the world price of motorcycles, suppose its market is opened to international trade. As a result, the price of motorcycles falls to $12,000 and the total quantity demanded rises to 14 units; out of this total, 6 units are produced in Canada while 8 units are imported. Now assume that the Canadian government levies an import tariff of $1,000 on motorcycles. With the tariff, 8 units are produced in Canada and quantity demanded is 12 units. 3.Refer to Exhibit 4.2. As a result of the tariff, the price of imported motorcycles equals $13,000 and imports total 4 cycles. 4.Refer to Exhibit 4.2. The tariff leads to an increase in Canadian consumer surplus totaling $11,000. 5.Refer to Exhibit 4.2. The tariff's redistribution effect equals $1,000.
A credit entry:
A. Always increases an account. B. Increases asset and expense accounts, and decreases liability, common stock, and revenue accounts. C. Always decreases an account. D. Is recorded on the left side of a T-account. E. Decreases asset and expense accounts, and increases liability, common stock, and revenue accounts.
Cross-docking is a logistics practice in which ______.
A. inbound shipments from a carrier are transferred to outbound carriers with little or no intermediate storage in between B. returned goods from customers are transferred directly to the manufacturer without storage in an intermediate warehouse C. intermodal transportation is completely avoided D. transportation is accomplished using a single carrier