ABC analysis is based upon the principle that:
A) all items in inventory must be monitored very closely.
B) there are usually a few critical items, and many items that are less critical.
C) an item is critical if its usage is high.
D) more time should be spent on class "C" items because there are many more of them.
E) as with grade distributions in many MBA courses, there should be more medium-level "B" items than either "A" or "C" items.
B
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________ refers to a market-coverage strategy in which a firm decides to ignore market segment differences and go after the whole market with one offer
A) Individual marketing B) Local marketing C) Niche marketing D) Undifferentiated marketing E) Segmented marketing
Discuss the three elements of a cost management system
The computer component that instructs input devices to read data into storage, to locate data held in secondary storage and transfer it to memory, and to instruct the arithmetic-logic unit to perform certain operations on data is the
A. Control unit. B. Output unit. C. Processing unit. D. Arithmetic-logic unit.
The unconditional obligation of the buyer to pay the draft on the date due is a consequence of:
a. the draft being a sight draft. b. the buyer's trade acceptance. c. the draft being negotiable. d. the application of UCP 600.