Which of the following is considered a primary report in an MRP system?

A. Planned order schedule
B. Aggregate production plan report
C. Peg report
D. Inventory accuracy report
E. Planning report


Answer: A

Business

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If import licenses are auctioned off to domestic importers in a competitive market, their scarcity value (revenue effect) accrues to

a. foreign corporations. b. foreign workers. c. domestic corporations. d. the domestic government.

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Many airlines now sell tickets almost exclusively through online third-party vendors. This is an example of a ________ strategy

A) distribution B) return on marketing investment C) marketing control D) product E) promotional

Business

Bering Rock acquires a granite quarry at a cost of $590,000, which is estimated to contain 200,000 tons of granite and is expected to take 6 years to remove. What journal entry would be needed to record the expense for the first year assuming 38,000 tons were removed and sold?

A. Debit Depletion Expense $93,158; credit Accumulated Depletion $93,158. B. Debit Amortization Expense $112,100; credit Natural Resources $112,100. C. Debit Depreciation Expense $98,333; credit Accumulated Depreciation $98,333. D. Debit Depreciation Expense $93,158; credit Accumulated Depreciation $93,158. E. Debit Depletion Expense $112,100; credit Accumulated Depletion $112,100.

Business

Which of the following approaches is one of the most common ways for organizations to

achieve their product/service objectives through a go-to-market approach? A) low-cost product/service strategy B) responsive product/service strategy C) quality attributes product/service strategy D) innovation product/service strategy

Business