In the ABC system of inventory management, the ________ method or system is appropriate for managing B items
A) basic economic order quantity
B) materials requirement planning
C) two-bin
D) just-in-time
A
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Managers deal with the status quo, while leaders ______ the status quo.
a. invent b. evaluate c. change d. maintain
The board of directors appoints the audit committee, which in turn performs an independent audit of the company's records
Indicate whether the statement is true or false
The four primary traits of the value of information are levels, formats, granularities, and type.
Answer the following statement true (T) or false (F)
Gayne Corporation's contribution margin ratio is 12% and its fixed monthly expenses are $84,000. If the company's sales for a month are $738,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.
A. $654,000 B. $88,560 C. $4,560 D. $565,440