Which of the following is FALSE with regard to the make or buy option?
a. The advantage of outsourcing activities that do not directly contribute to the company’s bottom line reduces production costs.
b. The advantage of outsourcing activities that do not directly contribute to the company’s bottom line reduces capital investment.
c. The advantage of outsourcing is the opportunity for the primary firm to avoid responsibility for product failure due to outsourced production.
d. The disadvantage of outsourcing is possible loss of control over the outsourced production of the work that has been outsourced.
c. The advantage of outsourcing is the opportunity for the primary firm to avoid responsibility for product failure due to outsourced production.
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To use a company's resources for a project that does not contribute to maximizing profits is sometimes acceptable and even sometimes required under the economic model of corporate social responsibility.
Answer the following statement true (T) or false (F)
Which of these is NOT true with regards to the duties of the owner of a trade secret?
A. The owner is obliged to take all reasonable precautions to prevent the secret from being discovered by others. B. The owner will not be protected by state unfair competition laws if he or she fails to take all reasonable precautions to protect the secret. C. Reasonable precautions may include fencing in buildings, placing locks on doors, and hiring security guards. D. The owner of a trade secret has an absolute right to the secret and, as such, need not do anything to prevent the secret from being discovered by others.
Holt and Collins decide to have their dispute arbitrated by Corrales. Which of the following will NOT be a result of the arbitration?
A)Corrales will render a binding decision. B)Holt and Collins retain the right to a class action. C)Holt and Collins give up the right to discovery. D)Corrales need not give reasons for the decision.
The emphasis of a marketing strategy for a continuous innovation concentrates on
A. generating awareness. B. setting a low price. C. using personal selling. D. obtaining narrow distribution. E. using reminder advertising to reeducate consumers.