The mayor owns property next to one of the proposed sites for the city's new baseball stadium. The mayor has a conflict of interest and should not vote on the location of the stadium when the city council takes action on the site
Indicate whether the statement is true or false
TRUE
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The new, more strategically oriented purchasing departments have a mission. Which of the following most accurately describes that mission?
A) Make the most profit possible and remain independent of entanglements. B) Approach every purchasing opportunity as means to create interdependency. C) Seek the best value from fewer and better suppliers. D) Outsource the supply function. E) Abandon all strategies except for systems selling and buying.
A location-based advantage for competing on an international basis can best be exemplified by
A. De Beers establishing greenfield operations in the mining region of South Africa. B. Hyundai signing a memorandum of understanding with the government of South Korea to halt exports. C. RBC Wealth Management closing operations in South Florida. D. Microsemi Corporation acquiring California-based Actel Corporation. E. Samsung diversifying and venturing into textiles and food processing.
Jason had been operating his machine for an entire month before he realized that it was generating more scrap than usual. Which advantage of budgeting would have helped him identify this problem sooner?
A. Performance measurement B. Planning C. Corrective action D. Coordination
An inconsistency in the mercantilist doctrine, as pointed out by David Hume, is that:
A. the volume of a country's imports increases as an indirect consequence of mercantilism. B. the exclusion of government influence in matters pertaining to trade is not ideal. C. in the long run, no country could sustain a surplus on the balance of trade. D. it was not backed by either sound political principles or social ideologies. E. trade is a zero-sum game rather than a positive-sum game as postulated by the theory.