Why doesn't Great Britain use the Euro as its national currency?
a) it would have to obtain approval from the U.S. federal reserve
b) it would have to change its financial markets operations
c) it would have to convert its economic structure to the euro
d) it would have to relinquish control of its monetary policy to the EU
Ans: d) it would have to relinquish control of its monetary policy to the EU
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Which of the following organizations would most likely not use time-and-material pricing?
a) Automobile repair company b) Engineering firm c) Public accounting firm d) Custom furniture manufacturer
A British toy company manufactures all of its product lines in a single facility in Europe. Which of the following is the company demonstrating?
A) continuous production B) lean production C) centralized production D) horizontal integration