Total quality management stresses the importance of

Question

True or False:

1. Only governments can issue bonds.
2. Tax on imports is one example of a tariff barrier.
3. Total quality management stresses the importance of teamwork.
4. In the U.S., the Federal Reserve Bank is responsible to regulate the growth of the economy.
5. The reasoning behind layout of a facility is to maximize the work environment for customers, employee and the building itself.
6. Capacity planning is suggested, but not necessary, within operations management to allow companies to succeed.
7. Some firms would rather remain domestic, but the market forces them global in order to remain profitable.
8. A facilitator is an individual whose job is to help to manage a process of information exchange.
9. Two major contributing circumstances of the demise of the gold standard were the Great Depression and the Vietnam War.
10. The New York Stock Exchange its self does no business and keeps no record of transactions.European Community established its Exchange Rate Mechanism (ERM) in 1979 and formed the initial steps for the creation of a single European currency.
11. Operational bottleneck refers to the fact that capacity of a multistep production process is limited to the total output of the slowest process.
12. The intended outcome of regional economic integration is to promote economic prosperity and stability among signatory nations.
13. The intent of forming a trading bloc may range from the potential of trade creation to the desire for economic protectionism.
14. The progressive stages of economic integration in order of intensity are: Preferential Trade Area, Custom Union, Free Trade Area, Common Market, and EU.