Answer the following statements true (T) or false (F)
1. One of the reasons a process may need to be reexamined once it has been implemented is that the product is not selling well.
2. Value stream mapping assesses the time taken for each step in the value stream.
3. Potential for outsourcing needs to be considered in offering a service.
4. The volume of service is low for mass services.
5. A goal for manufacturers in designing their individual internal processes is to provide locations most convenient for the manufacturers.
1. False
2. False
3. False
4. False
5. False
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Which of the following events will cause a company's current ratio to decrease?
a. The sale of inventory for cash b. The sale of inventory for credit (accounts receivable) c. Issuing stock for cash d. Paying off long-term debt with cash
Riley works at Kupton Co., which provides her with a health care plan that contracts with health care professionals to provide services at a reduced fee. Which type of health care plan is Kupton Co. providing to its employees?
A. preferred provider organization B. health maintenance organization C. managed care plan D. consumer-driven health plan E. flexible spending account
Aaron takes $100 out of his checking account and puts it in his savings account while Biff withdraws $200 from his money-market mutual fund in the form of cash. The total effect is that M1 ____ and M2 ____.
A. is unchanged; falls by $100 B. is unchanged; is unchanged C. rises by $100; falls by $100 D. rises by $100; is unchanged
When institutions are the unit of measurement, the data may be obtained from retailers, wholesalers, or households
Indicate whether the statement is true or false