Dividing cost of goods sold by the average of merchandise inventory is the calculation for the
a. accounts receivable turnover.
b. working capital turnover.
c. merchandise inventory turnover.
d. plant and equipment turnover.
c
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A person who seeks to recover benefits under a life insurance policy:
A. must notify the insured before a loss is likely to happen. B. needs to furnish proof of third party witness to the loss. C. must notify the insurer of the loss and furnish proof of loss. D. needs to furnish a sworn statement of loss.
An ________ issues a formal decision regarding an unfair labor practice that can later be appealed to the NLRB if either party is unhappy with the outcome.
Fill in the blank(s) with the appropriate word(s).
Tom is responsible for ordering hardware for a custom home his company is building. The contractor installing the hardware is scheduled to start in 5 working days, but the hardware is on backorder and will not arrive for another 9 working days. Fortunately, Tom has 10 days of slack; however, he shares this slack with the hardware installer. He will have to let the contractor know that the hardware will be ready 4 days later than expected and that the slack for the installer has been reduced by 4 days. Tom and the installer share 10 days of
A. Shared Slack. B. Functional Slack. C. Total Slack. D. Free Slack. E. Critical Slack.
Which of the following is NOT a reason why manufacturers must align capacity with projected demand on a global basis?
a. globalization of supply chains b. scarcity of supply c. uncertain demand d. ISO certification requirements