EOQ is used in a(n) ________ inventory system
A) periodic
B) continuous
C) optimal
D) economic
Answer: B
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The idea that the future is unpredictable yet controllable and entrepreneurs can “effect” the future is called:
a. the theory of predictability b. the theory of controllability c. the theory of causation d. the theory of effectuation
In the context of primary research tools, which of the following is an advantage of survey research?
A. It yields honest and accurate information on consumer motivation. B. It is cheaper than observation research. C. It allows you to notice what people actually do and not what they say they do. D. It helps you secure information about what people are thinking and feeling.
Outsourcing is the:
A. spinning off of a value-creating activity to create a new firm. B. selling of a value-creating activity to other firms. C. purchase of a value-creating activity from an external supplier. D. use of computers to obtain value-creating data from the Internet.
Banks often require, as a condition for loaning money to a beginning business, that the owners assume personal liability for the loan.
a. true b. false