Which of the following is a notable characteristic of the transportation model?
a. The objective function seeks to minimize the overall transportation cost.
b. Technological coefficients are equal to one.
c. Contribution coefficients are equal to one.
d. Constraints are always expressed as equality constraints.
B
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Which inventory costing method results in the highest inventory balance during a period of rising prices?
a. Weighted average cost b. FIFO c. LIFO d. Both FIFO and LIFO result in the same inventory balance
Factors such as room design, lighting, smell, and seating arrangement influence ______.
a. kinesics b. proxemics c. environment d. physical appearance
Which of the following is one of the five major characteristics of good mission statements?
A) They focus on a large number of goals. B) They expand the range of individual employee discretion. C) They define the major competitive spheres within which the company will operate. D) They take a short-term view. E) They are long and comprehensive to ensure that all critical concepts are included.
If you were evaluating two mutually exclusive projects for a firm with a zero cost of capital, the payback method and NPV method would always lead to the same decision on which project to undertake.
Answer the following statement true (T) or false (F)