Identify a factor that has promoted change in operations management over the last five decades.
A. Recognition of quality as a source of competitive advantage
B. Adoption of a cost perspective
C. Adoption of simpler supply chains
D. Increased disregard for severe environmental problems
Answer: A
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A company's return on capital is ________
A) invested capital divided by net marketing contribution B) net profit multiplied by invested capital C) net profit divided by invested capital D) net marketing contribution divided by invested capital E) invested capital divided by net profit
The income statement is also known as the profit and loss statement.
Answer the following statement true (T) or false (F)
The leaders of a religious group decided to start a life insurance organization to insure members of the religious group. The insurer will operate as a nonprofit organization, thus receiving favorable tax treatment. The insurer formed will be a
A) health maintenance organization. B) stock insurer. C) fraternal insurer. D) reciprocal exchange.
(I) A discount bond requires the borrower to repay the principal at the maturity date plus an interest payment
(II) A coupon bond pays the lender a fixed interest payment every year until the maturity date, when a specified final amount (face or par value) is repaid. A) (I) is true, (II) false. B) (I) is false, (II) true. C) Both are true. D) Both are false.