Just in time systems can be used by both manufacturing and merchandising companies.
Answer the following statement true (T) or false (F)
True
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Polaroid had a unique competitive advantage for many years until it forgot to observe competitive intelligence. The firm went bankrupt when people began taking digital pictures. Polaroid provides a great example of Porter's supplier power.
Answer the following statement true (T) or false (F)
Demand for a given item is said to be dependent if:
A) it originates from the external customer. B) there is a deep bill of material. C) the finished products are mostly services (rather than goods). D) there is a clearly identifiable parent. E) the item has several children.
In preparing the operating activities section of the statement of cash flows by the indirect method, gains are added to net income.
Answer the following statement true (T) or false (F)
The equally likely decision criterion is also called the Laplace criterion
Indicate whether the statement is true or false