Which of the following is FALSE with regard to a process?

a. Selecting a process can be expensive.
b. Implementing a process requires substantial capital investment.
c. The right process can contribute to increased cost of production.
d. The right process can contribute to better responsiveness to customers.


c. The right process can contribute to increased cost of production.

Business

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The process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed is the definition of ________.

A. Competitive intelligence B. Information C. Data D. Feedback

Business

When an asset lasts longer than its estimated useful life, depreciation no longer should be recorded past the point at which its carrying value equals its residual value

Indicate whether the statement is true or false

Business

Insurance companies can often reduce accident rates through a safety audit of a retailer's warehouse

Indicate whether the statement is true or false

Business

The production and marketing emphases of organizations have evolved into what is called a(n) ________

A) corporate culture B) industry code C) organizational hierarchy D) corporate code

Business