Answer the following statements true (T) or false (F)
1. To cut costs all organizations should always use full guest participation.
2. Co-production leads to a decrease in training costs for an organization.
3. An organization changing from full-service to co-production would probably have to make changes in its delivery system.
4. Some guests resent having to co-produce any part of the experience for which they are paying.
1. False
2. False
3. True
4. True
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Assume that there is a decline in inventory value in one period, then there is a reversal of value to the original or higher value and a later period. Which of the following statements about recognition of the loss is true?
A) The decline in inventory value and related loss should be recognized in the first period and reversed in the second period in all situations. B) The decline in inventory value and related loss should be recognized in the first period and reversed in the second period but only if the second period is within the same fiscal year. C) The decline in inventory value and related loss should be recognized in the first period and reversed in the second period but only if the second period is within a different fiscal year. D) The decline in inventory value and related loss should never be recognized.
Companies who want to carry near-zero inventory should build for order, not for stock
Indicate whether the statement is true or false
UCC Article 9 applies to secured transactions in which the debtor provides a security interest to secure payment of a debt, such as pledging warehoused goods to a creditor
Indicate whether the statement is true or false
Below is a narrative of the "Validate sales order" portion (i.e., bubble 1.0) of the order entry/sales process
Narrative Description
How does the OE/S process then validate a customer order? First, process 1.1 verifies the availability of the requested inventory by consulting the inventory master data. If a sufficient level of inventory is on hand to satisfy the request, the order is forwarded for further processing, as depicted by the data flow "Inventory available order." Conversely, if a customer orders goods that are not in stock, process 1.1 runs a special back order routine. This routine determines the inventory requirement necessary to satisfy the order and then sends the back order request to the purchasing department. This activity is depicted by the "Back order" data flow, which in reality is a specific type of exception routine (i.e., a specific type of reject stub). If the customer refuses to accept a back order, then the sales event is terminated and the order is rejected, as shown by the "Reject" data flow. Information from the order (e.g., sales region, customer demographics, and order characteristics that reflect buying habits) that has potential value to marketing is recorded in the marketing data store.
After assuring inventory avai