In vendor-managed inventory, buyers share sales information directly with key suppliers

In 1970, institutions owned 62 percent of the equity traded in the United States; by 1990, institutions owned 48 percent of this equity and by 2002, they owned only 32 percent of this equity

Indicate whether the statement is true or false

The MAJOR criticism of using return on investment (ROI) for financial control is that it:

A) gives managers an incentive to reject projects with an ROI greater than the company's required rate of return but less than the department's current ROI. B) usually uses the blended rate of capital as the required rate of return. C) encourages competition among segment managers. D) is a measure of overall performance.