The goal in a never-out list is to maximize inventory turnover
Indicate whether the statement is true or false
False
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Factors to be considered in setting materials standards include all of the following except:
a. Trend of prices of raw materials. b. Historical costs. c. Time necessary to assemble parts. d. New production processes or market developments.
Everything in the supervisor's working file should be
a. Shown to the human resources department b. Private c. Shared with the employee d. Positive and encouraging
Labor standards can help to determine which of the following?
A) labor content of a product B) staffing needs C) incentive plans D) efficiency E) all of the above
Feta is a partner in the game design firm GR8 Games, Inc., which obtains key-person life insurance on Feta in the amount of $1 million from Halo Insurance Company. Feta quits GR8 Games to join Icy Applications, Inc. Feta dies. Under the principle of insurable interest, Halo must pay the $1 million to
A. Feta's spouse Jo. B. GR8 Games. C. Icy Applications. D. no one.