Which of the following statements about the basic EOQ model is FALSE?
A) If the setup cost were to decrease, the EOQ would fall.
B) If annual demand were to double, the number of orders per year would increase.
C) If the ordering cost were to increase, the EOQ would rise.
D) If annual demand were to double, the EOQ would also double.
E) All of the above statements are true.
D
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Zeller Hub, a Canadian discount store, has developed a supplier portal software from the inputs given by the experts in its retailing division and its supplier Welknit Knitting Co. This information system will share inventory and stock lists of both the companies on a daily basis. It will, thus, aid the continuing relationship between the companies and increase the profitability of both the parties by controlling excess stock and inventories. Identify the relationship between Zeller Hub and Welknit Knitting Co.
A. A functional relationship B. A solo market transaction C. A relational partnership D. An internal partnership E. A strategic partnership
Strategic business units are an organizational form in which geographic divisions have been defined as though they were distinct, independent businesses.
Answer the following statement true (T) or false (F)
In the Japanese society, knowing the rank of people with whom you conduct business is very important
Indicate whether the statement is true or false.
Poolside Manufacturing provided the following information for the month ended March 31
Sales Revenue $22,000 Beginning Finished Goods Inventory 17,000 Ending Finished Goods Inventory 11,500 Cost of Goods Manufactured 16,600 Compute cost of goods sold. A) $16,600 B) $11,100 C) $22,100 D) $28,100