Which of the following is one of Dr. Eli Goldratt's rules of production scheduling for optimized production technology?
A. Do not allow bottlenecks to govern the flow of the line.
B. Do not balance capacity, balance the flow.
C. An hour saved at a bottleneck operation is a mirage.
D. If you lose an hour at a bottleneck, it is better than making scrap.
E. The amount in a process batch should be fixed when the batch is begun and not changed over time or along its route.
Answer: B
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____ refers to the idea that morality varies from one culture to another and that business practices are therefore differentially defined as right or wrong by particular cultures.
A. The self-reference criterion B. Global ethics C. Economic relativism D. Cultural relativism E. Moral relativism
If sales revenue stays the same but the contribution margin ratio decreases, then:
A) net operating income will increase. B) fixed costs will decrease. C) net operating income will decrease. D) fixed costs will increase.
Accidentally killing a person while driving in an intoxicated condition is an example of a situation in which the family of the deceased person could sue for the tort of ____________________
Fill in the blank(s) with correct word
You did some electrical work for a new neighbor who recently moved in next door. However, you are concerned about the check you received from the neighbor for your services. Frankly, you wonder if the neighbor has money to cover the amount of the check
simply because you owe Marlin, a friend money and wish to pass your neighbor's check along to her. When indorsing the check, what can you do to protect yourself if Marlin has trouble collecting from your neighbor?