Companies strive to maximize their current profits if they are plagued with overcapacity, intense competition, or changing consumer wants
Indicate whether the statement is true or false
FALSE
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Mike's organization manages the logistics for a petroleum company. Last month, one of its tankers spilled about one hundred tons of oil in the ocean while transporting it
Mike meets with a lawyer to understand his organization's liability in the accident, and he is relieved to hear that all the damages have to be paid by the petroleum company. Which of the following statements best describes the conclusion in this scenario? A) Mike's firm is liable for the damages and must pay the company. B) Mike's firm is partially responsible for the damages. C) Mike's firm is not responsible for the damages. D) Mike's firm is solely responsible for the damages.
Taylor's toy shop bought a very large inventory of the newest superhero action figure. Because a new movie was supposed to come out featuring the superhero, Taylor didn't anticipate a problem selling the toy. However, production on the movie was halted and now Taylor is having a hard time selling the action figure. This represents what type of inventory?
A. obsolete B. seasonal C. anticipative D. cyclical E. pipeline
The goal of a Six Sigma effort is ______.
a. to produce 3.4 defects in a million opportunities b. to produce no fewer than 3.4 defects in a million opportunities c. to produce at very high levels of quality d. to produce no more than 3.4 defects in a million opportunities
The Government in the Sunshine Act covers all but which of the following agencies?
a. Consumer Product Safety Commission. b. Commodity Futures Trading Commission. c. Environmental Protection Agency. d. Securities and Exchange Commission.