Transnational companies, such as Toyota and Honda, have characteristic features that include:
A) being in both global markets and utilizing global supply chains.
B) characterized by a mind-set of being "stateless."
C) using both localized and standardized elements in marketing programs.
D) decisions made on the basis of ongoing research.
E) all of the above.
E
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Which one of the following statements about quality control is TRUE?
A) Measurement by attributes is a simple yes or no decision. B) Complete inspection is used when inspection cost is high. C) Sampling inspection is used when the cost of passing a defective unit is high relative to the cost of inspection. D) Measurement by variables is often used when the quality specifications are complex.
Banker's acceptances have the following characteristics EXCEPT
A) typical maturities of 1 to 5 years. B) are sold on a discount basis and payable to the bearer. C) are not "issued" in predetermined denominations. D) fully taxable at the federal, state, and local levels.