Answer the following statements true (T) or false (F)
1. The customers' customer is upstream in the supply chain.
2. Plan, source, make, deliver and return are the five basic supply chain management components.
3. Information technology, consumer behavior, visibility and speed are the four changes resulting from advances in technology that are driving supply chains.
4. Information technology's primary role in supply chain management is creating the integrations or tight process and information linkages between functions within a firm-such as marketing, sales, finance, manufacturing and distribution - and between firms.
5. Deploy in incremental phases and measure and communicate success is one of the keys to success for SCM.
1. FALSE
2. TRUE
3. FALSE
4. TRUE
5. TRUE
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?A barrier to potential new market entrants is the high expense of entering the particular market.
Answer the following statement true (T) or false (F)
The balance of the account is determined by
A) adding all of the debits to all of the credits. B) always subtracting the debits from the credits. C) always subtracting all of the credits from the debit. D) adding all of the debits, adding all of the credits, and then subtracting the smaller sum from the larger sum.
John agreed to build a new house for Ted. Unknown to John, Ted was an agent for Russell Realty. John built the house as agreed. When Ted refused to pay, John became aware that Ted was an agent for Russell. John wants to sue on the contract. Under the Second Restatement, John:
A) must sue Ted, because Ted is the person with whom he dealt. B) can collect judgments against Ted and Russell. C) must sue Russell, because Russell is the principal. D) can sue either Ted or Russell.
If assumption of the risk is established, it means the defendant usually must pay for damages
Indicate whether the statement is true or false