In considering equity and debt financing, which of the following statements is true?
a. Compared to equity financing, debt is a more expensive source of funding.
b. Interest and dividends payments are required to be made by the issuing corporation.
c. In general, the higher the proportion of total debt-to-equity ratio, the greater the likelihood the firm will have difficulty in meeting its obligations in some future period.
d. Most firms prefer to have no debt and rely on equity financing.
c
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Which of the following is one of the customer-driven approaches to improving productivity?
a. Ask customers not to use third parties. b. Limiting customer involvement in production. c. Changing the timing of customer demand. d. Reducing backstage elements of production. e. Reducing front-stage elements of production.
________ are teams or individuals who have the authority and responsibility for improving the organization's business processes
Fill in the blank with the appropriate word.