If both demand and lead time are constant, then to determine the inventory level at which to reorder, we need to know ______.
a. the average demand rate and the lead time
b. the average demand rate and the purchase price
c. the purchase price and the safety stock
d. the safety stock and the lead time
a. the average demand rate and the lead time
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Operating leverage predicts the effects that fixed costs have on operating income when ________.
A) production is discontinued B) there are no sales returns C) variable costs change D) sales volume changes
A(n) ________ is a financial instrument representing the contract between the borrower and the lender
a. accounts payable b. bond c. common stock d. preferred stock
What is the biggest obstacle to design thinking?
a. lack of knowledge b. inexperience c. fear of failure d. lack of financial resources
Aunt Anastasia feels that her prices are too low, particularly for her eggs. How much would her profit have to increase on the eggs before it is profitable for her to make and sell eggs?
A) $0.50 B) $1.00 C) $1.50 D) $2.50