Which of the following is not descriptive of outsourcing?
A. helps reduce the cost structure of a company
B. increases the vulnerability of the supply chain
C. is limited to the manufacturing process
D. invites political backlash from labor unions
E. invites political backlash from state legislatures
C
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At Phoenix Instruments, Claudia pulls six samples an hour from an assembly line to examine them for quality defects. If she finds any, she makes adjustments to various pieces of equipment in her area. Claudia's job involves
A. feed-forward control. B. benchmarking. C. reduced cycle time. D. statistical process control. E. strategic control.
In business markets with inelastic demand ________
A) the total demand for products is not much affected by short-term price changes B) buyers are highly sensitive to price changes C) derived demand is absent D) a business purchase usually involves less decision participants E) a business purchase usually does not involve a professional purchasing effort
Miramar Industries manufactures two products: A and B. The manufacturing operation involves three overhead activities—production setup, material handling, and general factory activities. Miramar uses activity-based costing to allocate overhead to products. An activity analysis of the overhead revealed the following estimated costs and activity bases for these activities:
A. 285,500 B. 325,500 C. 100,500 D. 500,500
Under the periodic inventory system when payment for inventory is made within the discount period, Accounts Payable is debited, Purchases Discounts is credited and Cash is credited
Indicate whether the statement is true or false