A warranty is a statement or representation made by a seller that the goods being sold conform to the specified standards of quality, safety, performance and title
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following affects the order point?
a. daily usage b. lead time c. safety stock d. all of the above
Which of the following is a variable overhead cost?
a. The wages of an assembly–line employee paid on the basis of production output. b. Salary of the company chairman. c. Annual depreciation for the factory machinery. d. The wages of the factory janitor paid on the basis of production hours.
An example of a guideline (or rule of thumb) for comparison is the 2:1 level for the current ratio and 1:1 level for the acid-test ratio.
Answer the following statement true (T) or false (F)
A research firm wants to conduct research to determine what the U.S. population thinks of imported clothing at a given point in time. Describe three primary research options that are available for this type of research. Which option would you recommend to the research firm? Why?