Duran went to the same college as his manager. The two often speak of the college’s sports and traditions together. Although Duran is a below-average performer, his manager gives him an average rating on his performance appraisals. It is likely his manager made an error due to _______.
A. contrast
B. attribution
C. similarity
D. recency
E. ranking
C. similarity
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Bluebird Inc requires all capital investments to generate an internal rate of return of 14%. Bluebird is currently considering an investment that is expected to generate annual cash inflows of $12,000 for 5 years. The cost of the investment should not exceed:
A) $60,000. B) $41,197. C) $31,164. D) $6,233.
Which of the following is not a benefit of time management?
A. decreased job satisfaction B. improvement of esprit de corps C. less anxiety and tension D. increased productivity
Which one of the following statements about lot-sizing rules is TRUE?
A) The periodic order quantity (POQ) rule seeks to create inventory remnants. B) If the POQ rule is used, an item's lot size can vary each time an order is placed. C) The lot-for-lot (L4L) rule is a special case of the fixed-order quantity (FOQ) rule. D) All lot-sizing rules seek to minimize inventory levels.
On April 24 of the current year, The Memphis Pecan Company experienced a tornado that destroyed the company's entire inventory. At the beginning of April, the company reported beginning inventory of $226,750. Inventory purchased during April (until the date of the tornado) was $197,800. Sales for the month of April through April 24 were $642,500. Assuming the company's typical gross profit ratio is 50%, estimate the amount of inventory destroyed in the tornado.
A. $321,250 B. $212,275 C. $157,788 D. $103,300 E. $217,950