When addressing her colleagues, Ava wants to leave no details to interpretation. She makes her messages very explicit. In other words, Ava’s messages are ______.
A. low context
B. high context
C. ambiguous
D. cultural
A. low context
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The total demand for many business goods and services is only minimally affected by price changes. Thus, this demand is ________
A) derived B) fluctuating C) accelerated D) multiple E) inelastic
One of the three key managerial tools for leveraging culture for performance is ______.
A. managing culture through socialization and training B. attraction-Selection-Attrition C. letting the culture organically develop D. being sure all employees know they must fit it
Rachel operates a scrap metal business and contracts to provide ten tons of scrap steel at $50 per ton to be delivered to Pure Metals, Inc., in six months. An unforeseen shortage of scrap steel suddenly develops, making it impossible for Rachel to fulfill the contract for less than $500 per ton. Rachel's best defense against performing the contract would be that
A. performance of the contract is commercially impracticable. B. procuring the steel would force the seller into bankruptcy. C. the law has rendered performance of the contract illegal. D. the specific subject matter of the contract has been destroyed.
What is their total inventory policy cost (excluding cost of goods) if they order at their EOKrewe amount?
The Krewe of Orpheus maintains a supply of swizzle sticks for events throughout the year. Demand for swizzle sticks is shockingly low, a quick check of krewe records from last year reveals that they used only 585,000, but the krewe president believes that they should be good stewards of what they have, so they seek to manage this inventory using the EOQ policy, although they prefer to refer to it as an EOKrewe policy for obvious reasons. Swizzle sticks are not expensive items, they cost a nickel apiece largely due to the club logo printed on each one. This also serves to increase the lead time as they can't be obtained from a standard restaurant supply house. Instead, they must be ordered with an eye towards the six day lead time. It costs $15 to place an order, most of this cost is a result of explaining the meaning of "Laissez les bons temps rouler" and why it should be printed on the edge of each swizzle stick. Holding cost is 20% of purchase price. A) $936.75 B) $468.37 C) $418.93 D) $209.46