What are the assumptions of the EOQ model?
What will be an ideal response?
1. Demand for an item is known, reasonably constant, and independent of decisions for other items. 2. Lead time—that is, the time between placement and receipt of the order—is known and consistent. 3 . Receipt of inventory is instantaneous and complete. 4. Quantity discounts are not possible. 5. The only variable costs are the cost of setting up or placing an order and the cost of holding or storing inventory over time. 6. Stockouts (shortages) can be completely avoided if orders are placed at the right time.
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Outsourcing means shifting undesirable jobs or work assignments to another company to cut costs. When the outsourced work moves to another country, the terms "global outsourcing" or "offshoring" are used
Indicate whether the statement is true or false
The numerator used to calculate accounts receivable turnover is
A) total sales B) net sales C) accounts receivable at year-end D) average accounts receivable
According to this leadership approach, leaders should be held accountable for failing to anticipate future trends and problems in the organization because leaders should possess foresight.
A. path–goal leadership B. servant leadership C. leader–member exchange D. transformational leadership
You receive an email message from a co-manager concerning the negative performance of an employee. How do you respond?
a. Reply to the email, adding your comments to those of your co-manager. b. Forward the email to the employee. c. Meet with your co-manager and discuss the employee's weaknesses face to face. d. Forward the email to your supervisor for her comments.