Answer:
D. asymmetric information.
Explanation:
Owners of defective used cars have more information about the condition of their vehicles than potential buyers of those used cars. This is an example of an asymmetric information.
An asymmetric information can be defined as a situation wherein there's an imperfect flow of information or knowledge between the buyer and the seller of a product; sellers having more knowledge than the buyer of a product.
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Answer: b. ERP is primarily used by manufacturing organizations and does not serve service organizations well.
Explanation:
Enterprise Resource Planning(ERP) is very useful to companies as it supports many enterprise processes by integrating resources of the company such as manufacturing, finance and supply chain management with the view to make operations more efficient.
It is false that it does not serve Service organizations well because ERP takes into account the unique resources that an organization has so it does not matter if it is a service or a manufacturing organization. It serves both.
Answer:
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