The following is an example of the bullwhip effect:
A. Barkley's produces a defective product and thus realizes an excessive increase in consumer returns
B. Barkley's products are so successful that it adds a new retailer for distribution
C. Barkley's incorrectly anticipates consumer demand resulting in stockouts at several popular retailers
D. Barkley's is unhappy with the performance of a distributor which causes a chain-reaction of replacements to companies involved in its supply chain
Answer: C
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At Camden Windows and Doors, orders have significantly exceeded projections, and Nischal, the operations director, has decided to hire for a third shift in the plant. Nischal is clearly operating with the use of a(n) ______ budget.
A. zero-based B. incremental C. variable D. fixed E. cash
Which of the following is an important consideration before choosing to use a functional résumé?
A) Functional résumés often lack evidence of job experience. B) Most managers prefer functional résumés. C) Functional résumés can highlight academic qualifications. D) Functional résumés minimize specific job skills gained in previous positions. E) Functional résumés are the most common résumé format used today.
_________________ is characterized by formalized rules and regulation, specialized routine tasks, division of labor, and centralized authority.
a. Work specialization b. Formalization c. Span of control d. Bureaucracy
The chief financial officer (CFO) upholds conflicting interests and provides unofficial sanction to the final budget.
Answer the following statement true (T) or false (F)