Annual demand for notecards at Suzie's Stationery shop is 10,000 units. Deliveries take about 5 working days and Suzie operates 300 days per year. Calculate the reorder point for the notecards that she stocks
What will be an ideal response?
Answer: 167 notecards = 33.33 × 5
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Under the net present value (NPV) method, the rate of return required to satisfy the firm’s investors is the
A. opportunity cost. B. internal rate of return. C. cost of capital. D. accounting return on investment.
The failure of an auditor to disclose the possible obsolescence of a firm's major product is a judgment call and not an ethical issue
Indicate whether the statement is true or false
Larson entered Forrester's Auto Mart to purchase a used car. Larson found a vehicle with a sales price of $11,000. After Forrester answered all of Larson's questions, Forrester and Larson agreed to a sale. As Larson was leaving to get the money to pay for the car, Forrester told Larson that he thinks Robert Redford formerly owned the car. Larson later learned that Robert Redford had never owned
the car. If Larson seeks to rescind the deal based on Forrester's statement, Larson will A) win because he relied on the misrepresentation. B) win because there was a misrepresentation of a material fact. C) lose because he will not be able to prove reliance on the misrepresentation. D) lose because Forrester made a unilateral mistake.
When its sales were declining, Canadian Airline conducted a marketing survey to understand the expectations of the business traveler, its target market. It learned business travelers resent that they are bosses in their own offices but are totally controlled by the whims of the airlines when they travel. If Canadian Airline had only surveyed former customers who were still in their database, it would have used which service recovery strategy?
A. Learn from lost customers B. Make the service fail safe C. Critical incident D. Welcome and encourage complaints E. Customer empowerment