Contracting with vendors outside the organization to obtain or acquire goods and/or services is called
a. target costing.
b. insourcing.
c. outsourcing.
d. product harvesting.
C
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The beginning finished goods inventory for Boston Co was $401,050 . Goods completed during the year were costed at $783,700 . The ending finished goods inventory was dangerously low, having been reduced to $127,700 . The cost of goods sold for the year for Boston Co was
a. $800,150. b. $1,057,050. c. $656,000. d. $928,600.
Harley-Davidson employs a method of inventory control demanding that suppliers deliver parts and raw materials to Harley's production facility just as they are needed and in exactly the right amounts. This type of inventory control is known as
A. purchase planning. B. flexible manufacturing. C. just-in-time inventory control. D. PERT. E. supplier-based inventory control.
Small business experiences challenges implementing CSR. All of the following statements are true, except:
A) Small businesses confront fewer of the types of social and ethical challenges than facing large businesses. B) There is likely a lack of CSR planning and monitoring methodologies in small business. C) The understanding of CSR is strongly influenced by the personal values of the entrepreneur. D) Small business entrepreneurs are more likely to engage in tax evasion. E) Small business entrepreneurs do not have as much available time to devote to CSR.
In the communication process, a channel is a a. means by which a message is sent
b. person who sends a message. c. person who receives a message. d. communication barrier.