Newer, more strategically oriented purchasing departments have a mission. Which of the following most accurately describes that mission?
A) Make the most profit possible and remain independent of entanglements.
B) Approach every purchasing opportunity as means to create interdependency.
C) Seek the best value from fewer and better suppliers.
D) Outsource the supply function.
E) Abandon all strategies except for systems selling and buying.
C
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When a company exchanges machinery and receives a trade-in allowance less than the book value, this transactionwould be recorded with which of the following entry?
a. debit Cash and Machinery; credit Accumulated Depreciation and Machinery b. debit Machinery, Accumulated Depreciation, and Loss on Exchange of Machinery; credit Machinery andCash c. debit Cash and Machinery; credit Accumulated Depreciation d. debit Machinery and Accumulated Depreciation; credit Machinery and Cash
Katrina performs data analysis all day. She places each page of new data on the left side of her computer terminal. After she enters the data, she places the page facedown on the right side of her terminal. Katrina’s job has a(n) ______ design.
A. mechanistic B. organic C. biological D. perceptual-motor
Which of the following represents the amount of equity that a company generates through the sale of stock to investors?
a. Long–term liability b. Contributed capital c. Intangible assets d. Retained earnings
An advantage of infinite loading is that it enables planners to ______.
A. see the impact that planned order releases will have on capacity required at work centers B. adjust marketing efforts to match with available capacity C. revise resource procurement to match with available capacity D. relax any capacity constraints from production planning