Which of the following represents a reason for globalizing operations?
A) to improve the supply chain
B) to improve operations
C) to expand a product's life cycle
D) to attract and retain global talent
E) all of the above
E
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If the actual direct labor hours spent producing a commodity differ from the standard hours, the variance is termed:
A) time variance B) price variance C) quantity variance D) rate variance
Travis has an athletic shoe store and is currently preparing a market summary. To be most effective, the competition section of his market summary should
A. list both direct and indirect competitors. B. list only indirect competitors. C. list possible tactics to obtain a larger market share. D. list only direct competitors. E. focus only on competitors that sell the same product as he.
At an automatic car wash, cars arrive randomly at a rate of 7 every 30 minutes. The car wash takes exactly 4 minutes (this is constant). On average, how long would each driver have to wait before receiving service?
A) 28 minutes B) 32 minutes C) 17 minutes D) 24 minutes E) None of the above
The future value of a 10-year ordinary annuity is twice as much as the future value of an otherwise
identical 5-year annuity. Indicate whether the statement is true or false