Which of the following correctly describes Just-in-Time (JIT) Management?
A) It is a production approach that maintains surplus goods at each stage of manufacture.
B) It helps managers cut costs by speeding the transformation of raw materials into finished products.
C) It is a cost management approach that focuses on maintaining large finished goods inventory levels.
D) It is an inventory approach that stockpiles raw materials to protect against supply interruptions.
C) It is a cost management approach that focuses on maintaining large finished goods inventory levels.
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Which of the following is true of an economy at full employment?
A. There is no job turnover in the economy. B. The unemployment rate in the economy is equal to the natural rate of unemployment. C. The economy's labor and capital are not fully utilized. D. An increase in price level increases the full-employment level of output.
This question contains two parts; be sure to answer both. First, identify and define the five sources of power. Second, imagine that the local branch of a national bank is located in your neighborhood, and you are the branch manager. You are having problems with the tellers who work the drive-through window; you are receiving complaints that they are very slow, and that they spend too much time talking to one another while long lines of cars build up. How might you wield each of the five types of power to solve the problem?
What will be an ideal response?
If an entrepreneur recognizes the warning signs of bankruptcy early, he or she may be able to prevent it from occurring.
Answer the following statement true (T) or false (F)
Which of the following is true with regard to securities regulation in foreign markets?
a. Anti-fraud provisions apply where there is conduct in the U.S. relating to a violation of the federal securities laws. b. Foreign issuers who issue securities must register them in the U.S. unless an exemption is available. c. No specific regulations are allowed because of the act of state of doctrine. d. None of these are true.