Most strategies that an aggregate planner actually uses are in combination and are referred to as the
A) adjustable strategy.
B) chase strategy.
C) level strategy.
D) mixed strategy.
Answer: D
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The completed-contract method (as opposed to the percentage-of-completion method) of accounting for revenue from long-term construction contracts should be used in which of the following circumstances?
a. The contractor has been in business for many years and has completed many contracts in the past. b. Reasonably accurate estimates of the degree of completion cannot be made due to the lack of experience with similar types of contracts. c. Reasonable accurate estimates of the degree of completion can be made based on past experience. d. The contracts are of a relatively long duration.
A defense to an action based on material omissions and untrue statements contained in a registration statement is:
a. innocent mistake. b. due diligence. c. constructive disclosure. d. reasonable diligence.
How many orders per year does Kushie's place if they order a cost minimizing quantity?
Kushie's Coffee in Bangalore is a quaint establishment nestled near MG Road in the central business district. It serves coffee and fruit cake to a clientele that has been enjoying these products for over fifty years. The demand for coffee beans is 6600 cases per year (each case has 24 ten-pound bags). It would be disastrous for them to run out of coffee, so they keep a safety stock of 30 cases. The cases cost $4800 and it costs $5 per case to order coffee. As coffee is a perishable product, the holding cost is fairly high at $40/case/year. The lead time to receive an order is seven days. Kushie's is open 300 days a year.
Inventory affects ______.
a. customer satisfaction b. corporate strategies c. compliance with government regulations d. adherence to ISO specifications