Which of the following is true about firms using just-in-time (JIT) inventory system?
A. A company is more likely to have excess unsold inventory that it has to write off against earnings.
B. Parts enter the manufacturing process immediately; they are not warehoused.
C. It is difficult to spot and fix defective inputs.
D. The amount of working capital a company needs to finance inventory increases.
E. A firm has ample buffer stock of inventory.
B
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Which of the following is true of supplementary services?
a. They are the most basic benefit the customer is buying. b. They are usually emphasized to create a competitive advantage. c. They are services mandatorily required by the government. d. They are services that compete with the core service.
How does a crisis differ from a typical corporate problem?
A) A corporate problem calls for the intervention of the CEO. B) A crisis is a longer-term issue that impacts the entire organization. C) A crisis calls for public relations expertise; a corporate problem does not. D) There is no difference; a corporate problem IS a crisis.