A feasible solution is a global optimum if there are no other feasible points with a better objective function value in the feasible region
Indicate whether the statement is true or false
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The practice of comparing a company with its prior performance or with best practices from other companies is called ________.
A) benchmarking B) competitive analysis C) differentiation analysis D) budgeting
A comparative balance sheet is required to prepare statements of cash flows:
a. to determine if any account balance changed because of non–cash activity. b. as it provides the beginning and ending balances of all non–cash accounts. c. to prepare operating activity section using the net income reported in the statement. d. as it provides a company's revenue and expense balances for the period.
When most of the authority in a corporation is held by top management, the organization is said to be
a. decentralized. b. engaged in transfer pricing activities. c. centralized. d. composed of cost centers.
The new-product strategy development stage accomplishes all of the following except
A. it specifies the target markets to be served by new products. B. it outlines the costs that will be incurred for the development of new products. C. it specifies how new products will fit into the company's marketing plan. D. it outlines general characteristics of the types of products the firm will develop. E. it provides general guidelines for the new-product development process.