In 1886, an engineer named Frederick W. Taylor presented a paper on scientific management at a national meeting of engineers that was titled "The Engineer as ________."
A. a Scientist
B. a Manager
C. an Economist
D. a Specialist
Answer: C
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Respond to the following: a. How is net income different from earnings in SFAC No. 5? b. What is comprehensive income?
What will be an ideal response?
Which of the following statements is FALSE with respect to supplier phase out?
a. Phasing out suppliers is costly and can disrupt the operations of both the buying and selling firms. b. The decision to switch to a new supplier should be made after careful consideration. c. A buying organization should include exit clauses in the contract to ensure that penalties for early contract termination are avoided. d. Phasing out suppliers is relatively easy and inexpensive.
The Guitar Center is a music superstore selling instruments, sound equipment, lighting, as well as DJ, band, and orchestra products. The Guitar Center plans to continue its growth across the country by opening 15 to 20 new stores each year. The Guitar Center has recognized that it has several market segments, including professional musicians, DJ businesses, and consumers who purchase instruments for school band and orchestra. The company has developed a detailed description of these various customer segments. These detailed descriptions include information such as demographic characteristics-age, income, and education level-as well as an individual's preferences regarding what brands of instruments they purchase, how frequently they visit the store to make a purchase, how much time they
spend in the store, and the percent of time they select The Guitar Center to make a purchase. What step in the target market selection process has The Guitar Center completed by describing their target market customers? A. Step 4: Evaluate Relevant Market Segments B. Step 2: Determine Which Segmentation Variables to Use C. Step 3: Develop Market Segment Profiles D. Step 5: Select Specific Target Markets
Refer to the data on Expected Demand for Weston Gadgets, Inc. For the various demand scenarios, if you applied the Laplace criterion, what is the payoff for the “build capacity” option?
A. $36.67 million
B. $20.67 million
C. $33.20 million
D. $41.55 million