Business has become increasingly involved in the education system. Which of the following is a criticism of this involvement?
A) Business-education partnerships are mutually beneficial
B) As businesses will be hiring the students upon graduation, they should have input
into what they are being taught
C) Efficiency will drive educational program decisions
D) Reduction in resources previously provided by government means that services
would not be otherwise provided
E) Universities are the best source of training for students who will participate in the
global marketplace
21)
4
C) Efficiency will drive educational program decisions
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Which of the following is one of the customer-driven approaches to improving productivity?
a. Ask customers not to use third parties. b. Limiting customer involvement in production. c. Changing the timing of customer demand. d. Reducing backstage elements of production. e. Reducing front-stage elements of production.
On December 1, Orenthal Marketing Company received $7200 from a customer for a 2-month marketing plan to be completed January 31 of the following year. The cash receipt was recorded as unearned fees. The adjusting entry for the year ended December 31 would include:
A. a credit to Unearned Fees for $2400. B. a debit to Unearned Fees for $3600. C. a credit to Earned Fees for $4800. D. a debit to Earned Fees for $7200. E. a debit to Earned Fees for $4800.
Improved quality can increase profitability via allowing flexible pricing
Indicate whether the statement is true or false
In effective global capacity management, the time horizon for a regular capacity planning cycle is ______.
a. short to intermediate term (0–1 year) b. intermediate to long term (1–4 or more years) c. short to intermediate term (3–4 weeks) d. intermediate to long term (15–20 or more years)