Business customers today turn first to _____ to search for information and find sources for their product needs.

A. B2B auction sites
B. vendor sales representatives
C. competitors
D. the NAICS
E. the Internet


Answer: E

Business

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Inspection time for a plant is 10,000 hours per year. The cost of inspection consists of salaries of four inspectors, totaling $60,000. Inspection also used supplies costing $3 per inspection hour. The company has a close to zero defect state and has eliminated the need for any inspection activity. Calculate the nonvalue-added cost of inspection per year

A) $30,000 B) $60,000 C) $90,000 D) $120,000

Business

Using a spreadsheet software package is helpful when developing budgets as it helps to gauge the impact of different financial scenarios. 

Answer the following statement true (T) or false (F)

Business

What does the Japanese word "kanban" mean?

A) low inventory B) employee empowerment C) card D) continuous improvement E) lot size of one

Business

A sale of real estate is a complicated transaction that involves certain formalities that are not required in a sale of goods

a. True b. False Indicate whether the statement is true or false

Business