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NEW QUESTION: 1
An example of secured short-term financing is:
A. Trade credit
B. A warehouse receipt
C. A revolving credit agreement.
D. Commercial paper.
Answer: B
Explanation:
A document of title is usually issued by a bailee covering goods in the bailee's possession or care UCC 1-201). It represents ownership of the goods and is ordinarily needed to obtain the goods from the bailee. The two major types of documents of title are bills of lading issued by carriers) and warehouse receipts_ A warehouse receipt is issued by a person engaged in the business of storing goods for hire. Security for short-term inventory financing can be arranged if the debtor places its inventory under the control of the lender or its agent e.g., a public warehouse), and the lender holds the warehouse receipts.
NEW QUESTION: 2
A form of thermal cracking, __________, can occur when high and nonuniform thermal stresses develop over a relatively short period of time in a piece of equipment due to differential expansion and contraction.
A. Thermal expansion
B. Thermal shock
C. Thermal stress
D. Linear expansion
Answer: B
NEW QUESTION: 3
What is the primary motivational tool of quality Theory X?
A. Zero defects promotional campaign
B. Use of the quality circle
C. Benchmarking
D. Transferred responsibility
E. Financial compensation [Slide 9-32]
Answer: E
Explanation:
[#1] Theory X: assumes workers dislike and avoid work, so managers must use coercion, threats and various control schemes to get workers to meet objectives. So my answer is D.[#2] Well, that would be correct for McGregor's Management Theory X. Never heard of Quality Theory X before. The only correlation I can see is that TQM is participative, more Theory Y oriented.
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