Reference no: EM132242360
1. Which of the following is not an operations strategy?
A. All of the above are operations strategies B. experience C. response D. differentiation E. low-cost leadership
2. Which of the following is the best example of competing on low-cost leadership?
A. A firm's research and development department generates many ideas for new products
B. A firm's research and development department generates many ideas for new products
C. A firm produces its product with less raw material waste than its competitors.
D. A firm offers more reliable products than its competitors
E. A firm's products are introduced into the market faster than its competitors
3. The impact of strategies on the general direction and basic character of a company is
A. minimal
B. temporal
C. short range
D. medium range
E. long range
4. Which of the following is not an operations strategy?
A. experience
B. differentiation
C. All of the above are operations strategies
D. response
E. low-cost leadership
5. Which criterion is NOT an IRS requirement for a sales associate to qualify for independent contractor status?
A) The sales associate must work based on a written contract stating that the sales associate is not considered an employee for federal tax purposes.
B) The sales associate's gross income must be based on production rather than on the number of hours worked.
C) The sales associate must work primarily from her own home rather than the broker paying for the associate's office space.
D) The sales associate must hold a current, active, real estate license.