Lako Systems is committed to delivering training to its employees when and where they need it to do their jobs. Lako Systems has embraced

A. cross-training.
B. apprenticeship training.
C. just-in-time training.
D. on-the-job training.


Answer: C

Business

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MRP II ties MRP to the company's financial system

Indicate whether the statement is true or false

Business

Safety Window and Door Co. buys on terms of 2/15, net 60 days. It does not take discounts, and it typically pays on time, 60 days after the invoice date. Net purchases amount to $450,000 per year. On average, how much "free" trade credit does the firm receive during the year? (Assume a 365-day year, and note that purchases are net of discounts.)

A. $18,493 B. $19,418 C. $20,389 D. $21,408 E. $22,479

Business

In the Hurwicz equation, Hi = ? ? (maximum payoff) + (1 – ?) ? (minimum payoff); if we set ? = 1, then the equation reduces to ______.

A. maximin criterion B. maximax criterion C. Laplace criterion D. minimax regret criterion

Business

A blank indorsement turns a(n) __________instrument into a(n) __________ instrument.?

A) negotiable; non-negotiable B)non-negotiable; negotiable? C)bearer; order? D)order; bearer

Business