Backorders and stockouts are most likely to cause expenses for:

Answer the following statement(s) true (T) or false (F)

1. Walmart has been called a "template for 21st century capitalism." 2. A business is any organization that is engaged in making a product or providing a service for a profit. 3. Business and society are independent of one another 4. The stakeholder theory of the firm argues that a firm's sole purpose is to create value for the stakeholder 5. The instrumental argument for the stakeholder theory of the firm says that companies perform better if they consider the rights and concerns of multiple groups

Which of the following is not a product?

A. A Dell personal computer B. A veterinarian's treatment of a pet's injuries C. A lawyer's advice in a divorce case D. Business profit E. A checkup by a doctor