Jia's Apple Farm uses 35 baskets each day to pack apples for shipping. It takes 5 days to receive a shipment of baskets after an order is placed and she would like a safety stock of 3 days in inventory. At what level of inventory should Jia's place an order for baskets?
What will be an ideal response?
Reorder point = 5 × 35 + 3 × 35 = 280 units
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Businesses record goodwill ________.
A) when they enjoy an outstanding reputation and loyalty with customers B) if they acquire another company at an amount higher than the market value of its net assets C) when they continue the business of an acquired company D) if their market value has increased significantly in the recent years
On a consignment sale, the payment risk is
A. covered by the bank issuing the L/C. B. covered by insurance. C. assumed to be equally shared. D. assumed by the buyer. E. carried by the seller.
With which heuristic do we base a decision on our existing mental prototype and similar representative stereotypes?
a. Availability b. Confirmation c. Representativeness d. Anchoring and adjustment
An employee is dismissed without cause. He makes a settlement with his employer for six months' salary. During the following six months, he is unemployed and collects employment insurance
What should the employer have done at the time of settlement with respect to employee deductions? A) Nothing – the employee is responsible for making remittances to the government. B) Deducted an amount for employment insurance premiums and sent it to the Canada Employment Insurance Commission. C) Deducted an amount for income tax and sent it to Canada Customs and Revenue D) Deducted the amount of employment insurance payments which would be paid to the employee E) Both B and C