Static budgets are prepared on quarterly basis and require frequent change during the annual budget period
Indicate whether the statement is true or false
False
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The average American's standard of living continues to improve due to two key factors. What are these factors? Provide explanatory comments about each factor
What will be an ideal response?
According to van Marrewijk’s study, the lesson for M&A’s is:
a. Getting the right deal at the negotiating stage is crucial b. Managing the integration of IT systems is crucial c. Managing the clash of cultures is crucial d. Integrating the two organizational cultures destroys the very reason for the strategic decision to merge in the first place
After installing a(n) ________ in its JIT system, Chocolate Tree (a retail chocolate store) was able to reduce lead time for merchandise orders.
A. distribution center B. supply chain C. quick change directory D. electronic data interchange system E. checking system
National Drilling Company ships its only pump to American Hydraulics Corporation, the manufacturer, for repair. National hires Overland Transport, Inc., to take the pump to American Hydraulics and to return it to National as soon as the repair is complete. National is forced to suspend operations without a pump, but Overland does not know this. National expects to be without the pump for five days and to lose profits of $5,000. When the pump is not returned by the end of the fifth day, National rents a pump at a cost of $100 per day. Overland delays five more days before returning the pump. National files a suit against Overland, asking for compensatory, consequential, and punitive damages. Will National recover?
What will be an ideal response?