The "dollar days" inventory measurement can be used in purchasing to discourage large work-in-process and producing earlier than is needed.
Answer the following statement true (T) or false (F)
False
Dollar day measurements also could be used in other areas:
• Marketing-to discourage holding large amounts of finished-goods inventory.
• Purchasing-to discourage placing large purchase orders that on the surface appear to take advantage of quantity discounts.
• Manufacturing-to discourage large work-in-process and producing earlier than needed.
• Project management-to quantify a project's limited resource investments as a function of time.
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An outcome is almost always affected by more than one parameter.
Answer the following statement true (T) or false (F)
Which of the following evaluates a project's position?
A. Value Chain Analysis B. SWOT Analysis C. The Five Forces Model D. Three Generic Strategies
An advertising company tries to foster as much creativity as possible. It asks for input from all employees and encourages group work where everyone can work toward a common goal they develop. Employees are not punished when ideas don’t work out. What management approach does this company practice?
A. Behavioral science approach B. Human resources perspective C. Traditional management practices D. Scientific management E. Administrative principles approach
Applied research is neither strategic nor evaluative, but instead is theoretical
Indicate whether the statement is true or false