In the EPQ model, if all the assumptions are true, then the total annual cost associated with the inventory is ______.
a. the sum of total annual setup cost and the total annual holding cost
b. the sum of total annual setup cost and the total annual ordering cost
c. the sum of total production cost and the total annual ordering cost
d. the sum of total production cost and the total annual holding cost
a. the sum of total annual setup cost and the total annual holding cost
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Intangible benefits
a. are easily measured b. are of relatively little importance in making information system decisions c. are sometimes estimated using customer satisfaction surveys d. when measured, do not lend themselves to manipulation
Operating expenses incurred for the entire business as a unit that are not subject to the control of individual department managers are called indirect expenses
Indicate whether the statement is true or false
Wedney, Inc has a purchase money security interest in one of Yoro Chicken's meat processing machines. Wedney filed a financing statement on the day the machine was delivered, perfecting its interest. Great State Bank already had a security interest in the machine. Which party has superior priority rights in the meat processing machine?
a. Wedney. A PMSI in collateral other than inventory takes priority over a conflicting security interest if the PMSI is perfected at the time the debtor receives the collateral or within 20 days after he receives it. b. Great State Bank, since it had an earlier security interest. c. The party who is first to repossess the collateral has priority rights. d. The creditors have equal priority.
The role of decision trees in product design is to:
A) rank products in descending order of their dollar contribution to the firm. B) better understand the customers' wants. C) calculate the expected value of each course of action. D) calculate the value of quality function deployment. E) calculate the value of the moment of truth.