Statement 1: Changes and innovations happened in businesses however these are exclusive applied among multinational firms that deal with large volume of sales and inventories. Statement 2: Changes in business environment affects larger firms while smaller firms can overlook these changes because of their limited resources. Statement 3: The just-in-time system suggests storage of inventories so that they will be readily available just-in-time. Statement 4: Total quality management is the process eliminating capital expenditures and continually using existing resources amidst experiences of idle time, errors and slow downs. Statement 5: Business process redesign suggests that current workflow and processes will be maintained since employees are used to it whether there are existing constraints, challenges and problems. a. All statements are true d. Statements 3, 4 and 5 are false b. Statements 1, 2 and 3 are false e.Statements 1, 3 and 5 are false c.Statements 2, 3 and 4 are false f. All statements are false
Statement 1: Changes and innovations happened in businesses however these are exclusive applied among multinational firms that deal with large volume of sales and inventories. Statement 2: Changes in business environment affects larger firms while smaller firms can overlook these changes because of their limited resources. Statement 3: The just-in-time system suggests storage of inventories so that they will be readily available just-in-time. Statement 4: Total quality management is the process eliminating capital expenditures and continually using existing resources amidst experiences of idle time, errors and slow downs. Statement 5: Business process redesign suggests that current workflow and processes will be maintained since employees are used to it whether there are existing constraints, challenges and problems. a. All statements are true d. Statements 3, 4 and 5 are false b. Statements 1, 2 and 3 are false e.Statements 1, 3 and 5 are false c.Statements 2, 3 and 4 are false f. All statements are false
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Statement 1: Changes and innovations happened in businesses however these are exclusive applied
among multinational firms that deal with large volume of sales and inventories.
Statement 2: Changes in business environment affects larger firms while smaller firms can overlook these changes because of their limited resources.
Statement 3: The just-in-time system suggests storage of inventories so that they will be readily available just-in-time.
Statement 4: Total quality management is the process eliminating capital expenditures and continually using existing resources amidst experiences of idle time, errors and slow downs.
Statement 5: Business process redesign suggests that current workflow and processes will be maintained since employees are used to it whether there are existing constraints, challenges and problems.
a. All statements are true
d. Statements 3, 4 and 5 are false
b. Statements 1, 2 and 3 are false
e.Statements 1, 3 and 5 are false
c.Statements 2, 3 and 4 are false
f. All statements are false
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