A cost that is incurred if some aspect of a service must be performed again is called a(n):
A) yield loss.
B) prevention cost.
C) appraisal cost.
D) rework cost.
D
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Vertical analysis is a comparison of financial statement items for a single company over a period of time
a. True b. False Indicate whether the statement is true or false
________ encompass sales forecasting, production planning, and inbound materials transportation
A) Market logistics B) Containerization C) Transportation D) Nonstore retailing E) Wholesaling
In the operations profile on Apple, the book indicates that when Apple makes a product announcement ______.
a. it does not have an impact on the company’s stock price, as Apple produces many different products the consequence of one single product is negligible b. technology used in the product need not be verified, as Apple can always issue a product recall c. it does not have to bother with checking the raw materials used by its suppliers, as this is the responsibility of the suppliers d. it needs to ensure that suppliers have been certified
Bounded rationality means:
a. We never have perfect knowledge and hence can never be perfectly rational b. We are irrational zature c. We cannot be rational because we are forgetful d. Gaining advantage by being economical with, or even distorting, what we take to be the truth