Form utility is created by converting raw materials, people, finances, and information into finished products.
Answer the following statement true (T) or false (F)
True
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Managing inventory turnover involves balancing which of the following consideration(s) in setting the optimum level of inventory and, thus, the rate of inventory turnover?
a. For a given amount of gross margin on the goods, firms prefer to sell as many goods as possible with a minimum of assets tied up in inventories. b. An increase in the rate of inventory turnover between periods indicates reduced costs of financing the investment in inventory. c. Management does not want to have so little inventory on hand that shortages result in lost sales. d. Increases in the rate of inventory turnover caused by inventory shortages could signal a loss of customers. e. All of the above.
A(n) ________ is a duty specifically levied to offset a subsidy
A. countervailing measure B. customs duty C. safeguarding measure D. excise duty
An invention is not patentable if it (1) is known or has already been used in this country, or (2) has been described in a publication here or overseas
Indicate whether the statement is true or false
_____ teams are becoming important because of increasing globalization, flatter organizational structures, an increasing shift to knowledge work, and the need to bring diverse talents and expertise to complex projects and customize solutions to meet market demands
a. Natural work b. Virtual c. Leadership d. Project