A _ contract is a private, tailored, bilateral agreement between two parties in which one party agrees to purchase, and the other to sell, a specified number of units of a specified asset at a given future date and at a specified price
a. swap
b. forward
c. futures
d. warrant
B
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Operational management should be directly involved with the strategic planning of an organization
Indicate whether the statement is true or false
If fixed costs are $49,600, the unit selling price is $52, and the variable costs are $24, what is the break-even sales (dollars)?
A) $52,800 B) $92,114 C) $132,000 D) $124,000
If a stated time has lapsed, an agency will terminate because of an unusual change in circumstances
Indicate whether the statement is true or false
An effective inventory management system will ______.
A. produce reliable demand forecasts and estimates of lead times and inventory costs B. attempt to reprice items such that inventory of finished products is minimized C. use the push system in some seasons and pull system in other seasons to balance demand and supply D. help identify the right markets for its products