When a company participates in lean thinking they evaluate current practices to
A. do more with less effort, time, space, and equipment.
B. deliver the best customer service while compromising on volume and quantity.
C. discourage training and quality programs.
D. create quality products and services using maximum resources.
E. do minimal work with highest attention and care for details.
Answer: A
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The greater the number of interdependent systems, the greater the expected downtime.
Answer the following statement true (T) or false (F)
In Saudi Arabia, labeling of what product line requires source stipulation?
A. All imports across the board. B. All foodstuffs (not drinks, which are prohibited) containing alcohol must be clearly labeled. C. Any meat product must identify the kind of animal that is the source of the product. D. There is no required labeling in Saudi Arabia.
________ consists of promoting a company's image without referring to any of its offerings.
A. Institutional advertising B. Umbrella positioning C. Formal advertising D. Family branding E. Informal advertising
A new asset is expected to provide service over the next four years. It will cost $500,000, generates annual cash inflows of $150,000, and requires cash operating expenses of $30,000 each year. In addition, a $10,000 overhaul will be needed in year 3.PeriodFV of 1(i = 10%) FV of a series of $1 cash flows (i = 10%) PV of $1(i = 10%) PV of a series of $1 cash flows (i = 10%)1 1.100 1.000 0.909 0.909 2 1.210 2.100 0.826 1.736 3 1.331 3.310 0.751 2.487 4 1.464 4.641 0.683 3.170 If the company requires a 10% rate of return, the net present value of this machine would be:
A. $(129,600), and the machine does not meet the company's rate-of-return requirement. B. $(127,110), and the machine meets the company's rate-of-return requirement. C. $(127,110), and the machine does not meet the company's rate-of-return requirement. D. $(151,700), and the machine meets the company's rate-of-return requirement. E. None of the answers is correct.