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Question 1 An advantage of value chain analysis is that it allows a company to: A. evaluate ethical conduct. B. focus on its core competencies. C. use the four ws. D. increase sales to customers. Question 2 The just-in-time philosophy emphasizes: A. completing products on schedule. B. increasing production. C. finishing all products before starting new ones. D. eliminating waste. Question 3 Activity-based managements primary goal is to reduce: A. nonvalue-adding costs. B. defects. C. inventory size. D. machine setup time. Question 4 The balanced scorecard: A. is rarely used. B. produces formal reports. C. only applies to manufacturing companies. D. links the organizations perspectives with stakeholders.