Which of the following statements about quantity discounts is FALSE?
A) The cost-minimizing solution may or may not be where annual holding costs equal annual ordering costs.
B) In inventory management, item cost becomes relevant to order quantity decisions when a quantity discount is available.
C) If carrying costs are expressed as a percentage of value, EOQ is larger at each lower price in the discount schedule.
D) The larger the annual demand, the less attractive a discount schedule will be.
E) The smaller the ordering cost, the less attractive a discount schedule will be.
D
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A job description defines and discusses all the essential knowledge, skills, and abilities that are needed to fill a position.
Answer the following statement true (T) or false (F)
Vivo Co received an 8-month, 9% note for $100,000 from its agent on October 1, 2016 . The note is due on May 30, 2017 . If Vivo accounting period ends on December 31, 2016, how much interest revenue should Vivo recognize during 2016 and 2017? 2016 2017
a. $3,750 $2,250 b. $2,250 $3,750 c. $9,000 $ 0 d. $3,375 $5,625
______ is an effort by the organization to appease dissatisfied customers by offering credits, discounts, apologies, or free items/services.
A. Service recovery B. Customer satisfaction C. Order delivery D. Customer service
Which of the following is not true about a certificate of deposit (CD)?
A) They pay higher interest than T-bills. B) They are long-term investments of two years or more. C) Funds are locked in for specific periods of time. D) A penalty is imposed for early withdrawal.