Which of the following is true of inventory level?
A) A purchasing manager would purchase higher inventories when prices are low and lower inventories when prices are high irrespective of inventory requirement.
B) A marketing manager would like to have smaller inventories of finished products to ensure production of goods as per customer specification.
C) A financial manager would keep inventory levels low to ensure that the firm's money is not unwisely invested in excess resources.
D) A manufacturing manager would keep raw materials inventories low to ensure use of latest materials in production process.
C
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Individuals who are living or personifying the desired change in an organization should be acknowledged through stories and awards. Which of Kotter’s Steps does this illustrate?
a. create a sense of urgency b. form a powerful coalition c. remove obstacles d. create short-term wins
The ________ is the exclusive right of an author to make multiple copies of a copyrighted work
A. right of reproduction B. right of exhibition C. neighboring right D. moral right
Which of the following is NOT true about duration?
A. It equals the years-to-maturity for a zero coupon bond B. It equals the weighted average of payment times for a bond, where weights are proportional to the present value of payments C. Equals the weighted average of individual bond durations for a portfolio, where weights are proportional to the present value of bond prices D. The prices of two bonds with the same duration change by the same percentage amount when interest rate moves up by 100 basis points
Younker Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for April. Fixed Element per Month Variable Element per Container RefurbishedActual Total for AprilRevenue $4,600$158,600Employee salaries and wages$46,400 $1,000$79,900Refurbishing materials $600$20,800Other expenses$35,800 $36,300When the company prepared its planning budget at the beginning of April, it assumed that 31 containers would have been refurbished. However, 34 containers were actually refurbished during April.The spending variance for "Other expenses" for April would have been closest
to: A. $500 F B. $3,203 U C. $3,203 F D. $500 U