A firm is currently purchasing an item for inventory using the basic EOQ model. They plan on making the product themselves and will be using the EOQ model based on noninstantaneous receipt of inventory
If everything else stays the same, what changes should the firm expect?
A) EOQ decreases.
B) Average inventory level decreases.
C) Reorder point increases.
D) Safety stock increases.
Answer: B
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During ________ the company receives materials it needs to manufacture its products
A) inbound logistics B) operations C) outbound logistics D) marketing and sales E) service
As of 2011, the _____ is an independent accounting standard-setting entity with 15 voting members from a number of countries
a. Public Companies Accounting Oversight Board (PCAOB) b. International Accounting Standards Board (IASB) c. American Institute of Certified Public Accountants (AICPA) d. World Institute of Certified Public Accountants (WICPA) e. International Institute of Certified Public Accountants (IICPA)
Which of the following distribution functions are generally not provided by retailers for their manufacturer/wholesaler suppliers?
a. contact with the final customer b. inventory storage prior to sale c. pre-paying for merchandise in advance of its being sold to final consumers d. delivery and installation of goods to final consumers
Which sentence is correct?
A) It sounds like the company may be reducing the sales staff in the near future. B) If you are willing to except responsibility, many employment opportunities are available. C) Time on the network must be divided equitably among students, employees, and faculty.