What is the term for an item of value as a guarantee for a secured loan?
a. promissory note
b. insurance
c. collateral
d. premium
c
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Changes in demand for a company that sells its products to several foreign countries force the company to ______.
A. alter not only its own capacity but also the capacity of its suppliers B. exit the market C. stop offering its products in certain markets D. change the product design
Tom, the production manager at Esday, was told by his supervisor to hire Elton, a 15-year-old boy, to operate an industrial machine. Hiring the 15 year old violates the child labor laws. What should Tom do in this situation?
a. Tom should hire Elton; he has a duty to obey Esday's instructions. b. Tom should hire Elton; he has a duty of care to ensure that the government does not discover that Elton is 15 years old. c. Tom should not hire Elton; he has a duty of care and he would not be caring for Elton. d. Tom should not hire Elton; he has a duty to obey Esday's instructions only if they are legal and ethical.
Between 1993 and 2006, Dell's competitive strategy was to provide a large variety of customizable products at a reasonable price. Given the focus on customization, Dell's supply chain was designed to
A) be responsive. B) provide a different product. C) operate on a low-cost basis. D) provide sustainable products.
The production plan or procurement plan for raw materials and components for independent demand items is done in ______.
a. S&OP b. materials requirement planning c. master scheduling d. detailed scheduled planning