Effectiveness is associated with ________.
A. reducing inventory
B. decreasing production time
C. doing the right things
D. doing things right
Answer: C
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Which of the following will be included in the marketing cost?
A) cost of capital B) research and development expenditure for a new product C) cost of product samples D) salaries of shop floor workers
Which of the following is true for the shipping term F.O.B. (free on board) point of shipment?
A) It requires the seller to bear the expense and risk of loss until the goods are tendered to the buyer at the place of destination. B) It refers to a pricing term that includes the cost of the goods and the costs of insurance and freight. C) It requires the seller to bear the expense and risk of loss of the goods until delivery has been tendered. D) The buyer bears the shipping expense and risk of loss while the goods are in transit.
Which one of the following is not one of the cited disadvantages of quality circles?
A. Some circles tend to cause employees to get frustrated more quickly with their jobs, increasing the turnover rate. B. Some circles try to deal with problems outside the members' areas of expertise. C. Some circles lack top management support. D. Some supervisors believe their authority is usurped by the quality circle process.
Which one of the following provides the greatest reduction in total risk?
A) diversification B) asset allocation C) security selection D) beta reduction