When a firm changes to a JIT operating and management philosophy,
a. it attempts to increase the number of suppliers it has for each item it uses to ensure a reliable flow of materials into the production process.
b. it seeks out the lowest-cost bidder for supplies in order to minimize costs.
c. it works more closely with fewer suppliers.
d. all of these are correct.
C
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For each of the following documents, describe its purpose, the functional area preparing it, and the key data included: remittance advice, remittance list, deposit slip
Documentation can be thought of as a tool for information transmission and communication.
Answer the following statement true (T) or false (F)
Which statement is not true about laboratory experiments?
A) The laboratory environment offers a high degree of control because it isolates the experiment in a carefully monitored environment. B) The artificiality of the environment may cause reactive error, in that the respondents react to the situation itself, rather than to the independent variable. C) Laboratory experiments are likely to have higher external validity than field experiments. D) Laboratory experiments allow for more complex designs than field experiments.
Which of the following is NOT a typical characteristic of embargoes?
A) Journalists agree not to release information before a certain date. B) They give connectors time to prepare a story prior to an announcement. C) Bloggers tend to strictly respect embargoes more than other connectors. D) They are built on a level of trust between marketers and connectors. E) Information is generally provided to connectors early.