The ABC inventory classification approach is used for?
a. Dependent demand inventory
b. Independent demand inventory
c. Both dependent and independent demand inventory
d. Neither dependent nor independent demand inventory
b. Independent demand inventory
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Which of the following statements is true about the location of production units over the past few decades?
A) Shifting production activities to locations with lower wages leads to long-term sustainable competitive advantage. B) Production units are being shifted from low to high-income countries. C) The cost of production is low in emerging markets. D) The location of production for mature products is restricted to high-wage countries.
Arranging for a product to occupy a clear, distinctive, and desirable place relative to competing products in the minds of target consumers is known as ________
A) positioning B) segmenting C) diversifying D) prospecting E) satisficing
Net realizable value can be defined as
a. selling price. b. selling price less costs to complete and sell. c. selling price plus costs to complete and sell. d. acquisition cost plus costs to complete and sell.
Adding fictitious receivables to the accounts receivable balance will result in:
a. a decrease in the number of days in receivables ratio. b. the accounts receivable turnover ratio either increasing or decreasing, depending upon its starting point. c. the sales return percentage increasing dramatically. d. All of the choices are true regarding fictitious receivables.