Entrepreneurs themselves perceive the concept of risk in which of the following ways?
a. calculated risk taking
b. gambling risk
c. distorted risk taking
d. social risk
ANSWER: a
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Any items that a retailer owns with a monetary value are _____
a. assets b. current assets c. fixed assets d. net worth
Washington Laundry Products, Inc, makes commercial and industrial laundry machines (the kinds hotels use), and has these aggregate demand requirements for the next six months
The firm has regular capacity for 200 units, and overtime capacity for 40 more. Currently, subcontracting can supply up to 100 units per month, but the subcontracting firm may soon be unavailable. Month Demand Costs and other data 1 220 Previous output level 150 units 2 160 Beginning inventory 100 units 3 200 Stockout cost $250 per unit 4 210 Inventory holding cost $100 per unit at end of month 5 200 Unit Cost, regular time $1,200 per unit 6 190 Subcontracting $2,000 per unit Unit Cost, overtime $1,500 per unit Hiring workers $200 per unit Laying off workers $500 per unit Which is cheaper: to produce level, incurring back orders and inventory charges; or to produce a base quantity of 120, using first, overtime, then subcontracting, to meet demand?
Which of the following equations can be used to compute the total materials variance? (A = Actual; S = Standard; Q = Quantity; P = Price)
A. (AQ × AP) ? (AQ × SP) B. (AQ × AP) ? (SQ × SP) C. (SQ × SP) ? (SQ × SP) D. (AQ × SP) ? (SQ × SP)
When possible, Taye pays recurring monthly bills through automatic bank transfers and person-to-person payments to e-mail addresses or cell phone numbers. Compared to the use of paper checks, Taye's payment methods
a. aid sustainability. b. hurt sustainability. c. will never affect sustainability. d. are poised to take a step toward sustainability.