A company instituted an IRS-approved plan to contribute monies to a plan that would pay each employee a percentage of his or her highest year of salary for each year of service upon termination of services. This plan is a:
A. government sponsored pension plan.
B. postretirement benefit plan.
C. defined contribution pension plan.
D. defined benefit pension plan.
Answer: D
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Which of the following is a difference between storage warehouses and distribution centers?
A) Storage warehouses are used to store agricultural products, while distribution centers are used to store nonagricultural products. B) Storage warehouses store goods for moderate to long periods, while distribution centers are used to move goods rather than just store them. C) Storage warehouses are always owned by a producer, while distribution centers are rented. D) Storage warehouses are more likely to use newer, computer-controlled systems, while distribution centers generally use outdated materials-handling methods. E) Storage warehouses are exclusively used by government agencies, while distribution centers are exclusively used by private businesses.
Xavier Products Company is in the process of adopting the just-in-time operating philosophy for its trophy-making operations. Indicate which of the following overhead costs is a nonvalue-adding cost (NVA)
a. Machine electricity b. Machine repairs c. Depreciation of the coffee machine d. Machine setup labor
A diversified retailer can best be defined as a _____
a. multi-line firm operating under central ownership b. chain form of ownership c. descrambled merchandising form d. leased department operation
Right-hand side ranging
A) tells us the number of units of a constraint that may be added or subtracted without changing the profit (objective function value). B) requires computation of the dual before being accomplished. C) is a method to find the range over which shadow prices remain constant. D) All of the above E) None of the above