The first basic component of SCM is ____________________. This is the strategic planning portion.
Fill in the blank(s) with the appropriate word(s).
Plan
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The ________ method is equivalent to a lottery system in which names are placed in a container, the container is shaken, and the names of the winners are then drawn out in an unbiased manner
A) nonprobability sampling B) systematic sampling C) simple random sampling D) stratified sampling
Tungsten, Inc. manufactures both normal and premium tube lights. The company allocates manufacturing overhead using a single plantwide rate with machine hours as the allocation base. Estimated overhead costs for the year are $106,000. Additional estimated information is given below.
Calculate the predetermined overhead allocation rate. (Round your answer to the nearest cent.)
A) $3.53 per direct labor hour
B) $1.66 per machine hour
C) $3.12 per machine hour
D) $0.23 per direct labor hour
Willow Corporation manufactures and sells 20,000 units of Product Z each year. In order to produce and sell this many units, it has been necessary for the company to make an investment of $500,000 in Product Z. The company requires a 20% rate of return on all investments in products. Selling and administrative expenses associated with Product Z total $200,000 per year. The unit product cost of Product Z is $20. The company uses the absorption costing approach to cost-plus pricing described in the text. The selling price for Product Z is:
A. $30 B. $25 C. $35 D. $40
Which of the following is a common criticism of ethical relativism?
a. It promotes open-mindedness and tolerance. b. It assumes that a person's actions are always correct for that person, but if that is true, then all behavior is, by definition, moral. c. It is rigid and excessively formal. d. It is too judgmental.