Answer the following statements true (T) or false (F)
1. There are three major total quality management principles.
2. Inventory is the stock of materials held for future use.
3. Six Sigma is only applicable to manufacturing.
4. The bureaucratic hierarchy of large companies serves to speed up decision-making, hiring, and the time it takes to make a sale.
5. It is possible to increase production but decrease productivity.
1. False
2. True
3. False
4. False
5. True
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Olivia, the owner of The Town Gazette, a small city newspaper, started her business two years ago, believing that there was still enough demand for her product. However, because people are busy and because so much news is now available online, she has seen the demand for her paper drop steadily. Olivia made a decision to change the original direction of the company and focus more on an Internet news service. Olivia is relying on _______ by demonstrating that managers need to think and act as if their company is an unfinished prototype, and by seeing her business as outsiders do.
A. a decision tree B. a knowledge dilemma C. the knee-jerk reaction theory D. evidence-based decision making E. intuition
Answer the following statement(s) true (T) or false (F)
Another common name for an I-Team is an intrapreneurial team.
What was Smith’s defense to the charge that he violated Colorado’s version of ABA Model Rule 5.3? What was the court’s response?
What will be an ideal response?
Comparative calendar-year financial data for a company are shown below. Calculate the following ratios for the company for 2018:
(a) accounts receivable turnover
(b) day's sales uncollected
(c) inventory turnover
(d) days sales in inventory
