Consider a work center with a demand rate of 35 parts per hour and using a container that can hold 10 parts. It is estimated that the container takes 1 hour to cycle through the work cell. Assume a safety stock level of 20 percent. What is the maximum inventory level in this system?
a. 30
b. 40
c. 50
d. 60
c. 50
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A company is most likely to utilize the specific identification method if its inventory consists of:
A. A relatively small number of products. B. Unique products. C. Very expensive products. D. All of the other answers are reasons to utilize the specific identification method.
Interdependent teams, such as vice presidents and shift managers, are organized by their respective ______.
a. small business unit b. function c. level d. leader
Which of the following (if any) is NOT a reason that counterfeit production is problematic for the firm?
(a) Leads to lost sales as authentic products are crowded out of the market by fake products (b) Results in lost goodwill for the owner of the intellectual property if the product does not perform according to consumer expectations (c) Increases the firm’s cost of operation as resources must be allocated to monitoring and policing the market for pirated products (d) Dampens the incentive for innovation (e) Results in the firm’s having to choose a more expensive hierarchical entry mode
Which one of the following individuals or entities is ineligible to be an S corporation shareholder?
A) an estate B) resident alien of the United States C) a voting trust where all of the beneficiaries are U.S. citizens D) a partnership where all of the partners are U.S. citizens