________ auctions let would-be suppliers submit only one bid; they cannot know the other bids

Graham Corporation's budgeted production schedule, by quarters, for the coming year is as follows:

Quarter 1 = 36,500 units Quarter 2 = 33,000 units Quarter 3 = 31,000 units Quarter 4 = 38,000 units Each unit of product requires two pounds of direct material. The company's policy is to begin each quarter with 25% of that quarter's direct materials production requirements. Graham expects to have 64,000 pounds of direct materials on hand at the beginning of Quarter 1. What would be Graham's budgeted direct materials purchases (in pounds) for the third quarter?

The multidomestic strategy is especially effective when the cost of coordination between the parent corporation and its various foreign subsidiaries is low

Indicate whether the statement is true or false