Global business leaders must be capable of articulating a coherent global vision and strategy that integrates local responsiveness, global efficiency and leverage
Indicate whether the statement is true or false
TRUE
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When investing in automated systems, which of the following intangible or indirect benefits may be important?
A) improved customer satisfaction B) improved market share C) reduced support labor cost D) reduced lead time E) all of these may be important
You would like to use the fixed-time-period inventory model to compute the desired order quantity for a company. You know that vendor lead time is 5 days and the number of days between reviews is 7. Which of the following is the standard deviation of demand over the review and lead time if the standard deviation of daily demand is 8?
A. About 39.9 B. About 32.8 C. About 27.7 D. About 35.8 E. About 45.0
Paragon Paint Co sold 100 gallons of paint on credit to Williams Hardware. Two days after giving the paint to Northern Trucking for delivery to Williams, Paragon discovered that Williams had filed for bankruptcy. What action should Paragon take?
A discount that is offered to encourage buyers to stock earlier than present demand requires is
A. a credit discount. B. a quantity discount. C. a cash discount. D. "push money." E. a seasonal discount.