Which of the following is not a data-gathering tool from the operations consulting tool kit?
A. Work sampling
B. Flowcharts
C. Organization charts
D. Factory blueprints
E. Plant tours/audits
Answer: D
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If a retiring partner agrees to withdraw less than the book value of his/her interest, the effect of the transaction will decrease the capital accounts of the remaining partners
a. True b. False Indicate whether the statement is true or false
Which of the following nets the largest productivity improvement?
A) increase output 15% B) decrease input 15% C) increase both output and input by 5% D) increase output 10%, decrease input 3% E) decrease input 10%, increase output 3%
Lu runs a company that manufactures satellites for commercial and government use. It has few rivals. At the moment, the power of buyers, the power of suppliers, and the threat of substitutes are all low. Based on this information, what can Lu conclude?
A. The manufacturer is likely to see little profit until the power of buyers improves. B. The company is likely to be very profitable as long as the threat to entry is low. C. This firm is an example of near-perfect competition. D. In this scenario, suppliers are likely to create and sell effective substitutes.
Nate Arnold's Auto Towing Service would best be described as a(n) ____ product.
A. convenience B. unsought C. specialty D. durable E. shopping