A time-phased planning approach that uses planned orders at the point of demand to determine forecasted demand at the source level is:

A) RFID.
B) EDD.
C) DRP.
D) MRP.


Answer: C

Business

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Create a timeline that demonstrates the progression of globalization over time. Begin your timeline with ancient times and end with the current situation. On your timeline, be sure to include the period where protectionist policies became popular.

What will be an ideal response?

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_____________ is the simultaneous buying and selling to make a profit with no risk.

Fill in the blank(s) with the appropriate word(s).

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A differentiated targeting strategy can allow a firm to obtain a bigger share of the overall market; this strategy

A. requires the use of advanced advertising techniques. B. is ineffective without multiple brand names. C. rarely works. D. is likely more costly than an undifferentiated strategy. E. is the cheapest option.

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The volume variance is nonzero whenever:

A. standard hours allowed for the output of a period differ from the actual hours during the period. B. actual hours differ from the denominator level of activity. C. standard hours allowed for the output of a period differ from the denominator level of activity. D. actual fixed manufacturing overhead costs incurred during a period differ from budgeted fixed manufacturing overhead costs as contained in the flexible budget.

Business