Antitrust laws have been enacted to
a. discourage competition b. avoid monopolies
c. allow one or two businesses to control the entire market d. allow government to control businesses
Question 2The _____ is a change index, and generally a rating over 50 indicates that the economy is expanding.
a. Consumer Price Index
b. Producer Price Index
c. ISM Report on Business
d. rate of inflation
e. None of the above.
Question 3Producers of sports and entertainment events
a. want to earn a profit b. are willing to invest their time, money, and materials in order to make a profit
c. have limited resources for their productions d. all of the above
Question 4_____ is a functional group (i.e., a formal entity on the organizational chart as well as a functional activity (i.e., buying goods and services).
a. Engineering
b. Purchasing
c. Quality assurance
d. Logistics
e. Treasury operations
Question 5Retro television involves bringing back re-runs of popular old television shows.
a. True
b. False
Indicate whether the statement is true or false
Question 6Which of the following is not one of the factors driving an emphasis on supply chain management?
a. An increasing emphasis on domestic sourcing due to the longer lead times and higher levels of pipeline inventories associated with global sourcing.
b. The cost and availability of information resources among entities in the supply chain that allow easy linkages that eliminate time delays in the network.
c. The level of competition in both domestic and international markets requires organizations to be fast, agile, and flexible.
d. Customer expectations and requirements that are becoming much more demanding.
e. The ability of an organization's supply chain to identify and mitigate risk minimizes disruptions in both supply and downstream product or services to mitigate the impact on lost sales.
Question 7Sports and entertainment businesses are usually very prosperous during a recession.
a. True
b. False
Indicate whether the statement is true or false
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