A(n) ________ refers to the practice of purchasing and accepting delivery of inventory only after it has been sold to the final customer.
A. macro inventory
B. just-in-time inventory
C. in-process inventory
D. micro inventory
Answer: B
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The marketing and sales budget of Wilson Inc is estimated to be $250 million. It has retained 450,000 customers and acquired 100,000 new customers. The marketing administration cost of the company is $90 million
If the retention cost per customer is $75, calculate the acquisition cost per customer. A) $450 B) $1,262.5 C) $1,580.5 D) $676 E) $980
Linear programming models can result in:
a. A single solution. b. Multiple solutions. c. An infeasible solution. d. All of the above
Farrina Manufacturing uses a predetermined overhead application rate of $8 per direct labor hour. A review of the company's accounting records for the year just ended discovered the following:Underapplied manufacturing overhead: $7,200Actual manufacturing overhead: $392,000Budgeted labor hours: 50,000Simone's actual labor hours worked totaled:
A. 49,900. B. 50,900. C. 48,100. D. 49,100. E. cannot be determined based on the information presented.
Regarding environmental issues and NAFTA: A) NAFTA sets strict environmental and ecological standards for all three countries
B) NAFTA calls for the three countries to work together to develop common environmental standards. C) NAFTA countries can continue to ban pesticides without informing each other. D) NAFTA created the NAFTA Commission for Environmental Cooperation, which acts in a purely advisory role in regard to environmental issues.