______ is a form of line process scheduling in which many of the scheduling decisions are predetermined when the production systems are designed.
A. Cluster scheduling
B. Job-shop scheduling
C. Flow-shop scheduling
D. Batch scheduling
C. Flow-shop scheduling
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Which of the following trade theories asserts that within the outer limits of the terms of trade, the actual terms of trade is determined by the relative strength of each country's demand for the other country's product?
a. theory of reciprocal demand b. overlapping demand theory c. theory of income determination d. theory of negative externalities
Porter and Lawler refined Vroom’s model to suggest that, although employee effort is determined by both the value placed on certain outcomes and the degree to which people believe that their efforts will lead to these rewards, effort does not always lead to task accomplishment. They suggested that two other factors need to be considered:
A) Employee opportunity and employee growth B) Organizational ability and structural role C) Employee ability and role clarity D) Employee ability and organizational clarity
The Kanban system ______.
a. can be used to coordinate suppliers and not just manufacturing plants b. allows firms to control the flow of resources in a production process by anticipating demand for parts c. is based on forecasting of demand d. is based on forecasting of supply
All of the following are necessary for arbitrage to take place EXCEPT
A) no transactions costs. B) no sales or transfer taxes. C) the means to execute trades quickly. D) a willingness to undertake a substantial net investment. E) different prices in different locations.