1. Historical comparisons provide information to managers about changes in the competitive position of a firm. Historical comparisons often are misleading _____________.
a. if the overall strategy of the firm is the same
b. if the firm shows constant growth
c. in periods of recession or economic boom
d. if the firm's stock is publicly traded
2. Which of the following is not an advantage of Just-In-Time inventory systems?
a. reduced raw material storage costs
b. minimized idle production facilities and workers
c. reduced dependence on suppliers
d. reduced work-in-process inventories