What is meant by the phrase, “Quality is a virtue of design”?
What will be an ideal response?
“Quality is a virtue of design” means that if products are well designed, there will be fewer operations problems, the products will be easier to sell, and servicing the product will be less costly.
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Which thinking trap is best described by the phrase "don't rock the boat" ?
A) status quo B) anchoring C) sunk costs D) confirming evidence
Core values are the essence of corporate cultures and an expression of their personality.
Answer the following statement true (T) or false (F)
According to the free cash flow hypothesis that has been proposed to explain how dividend policies affect stock prices, cash flows that cannot be reinvested in positive net present value projects should be retained and reinvested by the firm.
Answer the following statement true (T) or false (F)
Which of the following is a reason companies use standard costs?
A) to enhance customer loyalty B) to set sales prices of products and services C) to share best practices with other companies D) to ensure the accuracy of the financial records