A disadvantage of static budgets is that they:
A) start with a clean slate
B) cannot be used by service companies
C) do not show possible changes in underlying activity levels
D) show the expected results of a responsibility center for several levels of activity
C
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Understanding where a company is competitive requires
A. identifying a company's core competencies and distinctive competencies (if any). B. developing quantitative strength ratings for the company and key rivals on each industry key success factor and each pivotal resource, capability, and value chain activity. C. determining whether a company has a cost-effective value chain. D. developing quantitative measures of a company's chances for future profitability. E. analyzing whether a company is well positioned to gain market share and be the industry's profit leader.
The______________________________comprises the first three steps in the purchase-to-pay process.
Fill in the blank(s) with the appropriate word(s).
Consider the data on Inventory for Blenders Over a 20-Day Period. Any time that ending inventory falls to 15 or below, an order is placed for 30 units of the product. The lead time for delivery varies and is shown in the column under Lead Time. If the holding cost per unit were $12, what are the total inventory costs for the 20-day period?
a. $3,360
b. $3,360
c. $3,444
d. $3,204
The need to enforce the Occupational Safety and Health Act of 1970 led to the creation of OSHA.
Answer the following statement true (T) or false (F)