Which of the following statements is FALSE about the use of computer software to solve layout problems?
a. Computer software rely to a great extent on heuristic approaches.
b. Large line balancing problems for product layouts can be solved using IBM’s COSMOL or GE’s ASYBL.
c. Computer software can be used to solve real-life, complex layout problems that cannot be solved manually.
d. Computer programs guarantee optimal solutions.
d. Computer programs guarantee optimal solutions.
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Firms have decided to raise fees and lower service for those customers who barely pay their way and to coddle big spenders to retain their patronage as long as possible. This is an example of organizing customers by ________
A) retailer convenience B) profit tiers C) psychographic characteristics D) social influence E) customer preference
Expenses to promote sales by displaying and advertising merchandise, make sales, and deliver goods to customers are known as:
A. General and administrative expenses. B. Selling expenses. C. Non-operating activities. D. Purchasing expenses. E. Cost of goods sold.
In a transportation problem, degeneracy means that:
A) the problem was improperly constructed, and it must be reformulated. B) the assumptions of the transportation model have not been met. C) the number of filled cells is too small to allow the calculation of improvement indices. D) the total supply and the total demand are unbalanced. E) the number of origins is not equal to the number of destinations.
Under the UCC, a sale is the passing of title from a seller to a buyer for a price payable in cash only.
Answer the following statement true (T) or false (F)