What information does a manager need to gather for a make-or-buy decision?
Managers need to gather the variable costs, the need for additional machinery, and any incremental fixed costs of producing the item internally. Managers also need the purchase price of the item, the rent or cash flow to be generated from vacated space in the factory, and any salvage value of unused machinery should the item be purchased externally.
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In a(n) ________ structure, there are many sellers, each having slightly different products and each having only a small share of the market
A) monopoly B) oligopoly C) monopolistic competition D) perfect competition E) natural competition
______________ refers to the degree in which society would agree that the act is either good or evil.
a. Social consensus b. Magnitude of consequences c. Probability of effect d. Temporal immediacy
Supply chain coordination requires each stage of the supply chain to take into account the impact its actions have on other stages
Indicate whether the statement is true or false.
The dual price for a constraint that compares funds used with funds available is 0.058. This means that
a. the cost of additional funds is 5.8%. b. if more funds can be obtained at a rate of 5.5%, some should be. c. no more funds are needed. d. the objective was to minimize.