Which of the Following Statements Is True

question 21

Multiple Choice

Which of the following statements is true  

• A) Customers form the largest source of new ideas for entrepreneurs.
• B) While members of the distribution channel may be willing to provide new ideas for entrepreneurs, they may not help market them.
• C) The Federal Government is not a source of new ideas since the patent information they collect is confidential.
• D) Potential entrepreneurs should establish a formal method for monitoring and evaluating competitive products and services on the market.

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Definitions:

Job Flow Time

The total time taken from the initiation to the completion of a job, including processing, waiting, and transportation times.

Dispatching Rules

Guidelines used in production control to determine the priority in which jobs should be processed on manufacturing resources.

FCFS

First-Come, First-Served, a scheduling policy that serves clients or processes in the order they arrive.

Sequencing

Determining the order in which jobs should be done at each work center.