Characteristics of a lean supply chain include ______.
a. greater frequency of quality inspections
b. vendor-managed inventory
c. increased amount of rework
d. increased quantity of scrapped materials
b. vendor-managed inventory
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Secondary data are data collected for some purpose other than the problem at hand
Indicate whether the statement is true or false
Which of the following is true with regard to pure competition?
A) Under pure competition, no single buyer or seller has much effect on the going market price. B) In a purely competitive market, marketing research is of utmost importance. C) In a purely competitive market, product development is the focus of most firms. D) Under pure competition, the market consists of many buyers and sellers who trade over a range of prices rather than a single market price. E) Under pure competition, the market consists of only a few large sellers.
Mays Company sold a machine for $10,000 cash. The machine originally cost $65,000 and the company had recognized $53,000 in depreciation over the life of the machine. What is the effect of this sale on Mays Company's income statement and its statement of cash flows?
To get along with coworkers, you should:
a. treat others as you would like to be treated. b. All of the answers are correct. c. focus on your work, not on what others are doing. d. be as good as your word.