If the daily demand is 30 and the lead time in days is 3, what is the reorder point?
A company distributes repair parts for high-end appliances. The annual demand is 81,000 and the company operates 300 days per year. The annual carrying cost is 20% of the item cost, which is $500. The ordering cost is estimated at $60 and the shortage cost is $150.
Answer: 90
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Answer the following statement true (T) or false (F)
Personal property is the earth's crust and all things firmly attached to it.
Answer the following statement true (T) or false (F)
The four primary ethical norms include freedom, stability, ________, and efficiency
A) profit B) justice C) collective memory D) collective purpose
In a noncarrier case involving a sale of goods, which of the following is false concerning title?
A) If a document of title is required, title passes when and where the seller delivers the document to the buyer. B) If no document of title is needed and the goods are identified at the time of contracting, title passes at the time and place of contracting. C) Once the goods exist and have been identified, title to the goods may pass to the buyer. D) If a document of title is required, and the goods are in the hands of a bailee, title passes when the bailee acknowledges the buyer's right to possession of the goods.