The objective of layout strategy is to:
A) minimize cost.
B) develop an effective and efficient layout that will meet the firm's competitive requirements.
C) maximize flexibility.
D) minimize space used.
E) maximize worker satisfaction.
B
Business
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A business needs to be responsive to its economic environment but not to its non-economic environment.
a. true b. false
Business
Marginal default probability refers to the
A. probability that a borrower will default over a specified multiyear period. B. marginal increase in the default probability due to a change in credit premium C. historic default rate experience of a bond or loan D. expected maximum change in the loan rate due to a change in the credit premium. E. probability that a borrower will default in any given year.
Business