A __________ system schedules materials to arrive at a company just as they are needed on the production line.
A. mass customization
B. periodic inventory
C. first-in-first-out
D. just-in-time inventory
E. last-in-first-out
Answer: D
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What is the best description of technology?
A. Technology is the application of scientific knowledge to the interests of humans. B. Technology is the use of power to make human life easier. C. Technology is the advancement of the functionality of computers. D. Technology is the development of new tools.
Assume that you are a male salesperson. What advice does the text give you about the length of your hair?
A. Wear your hair at a medium length in order not to offend prospects that prefer long or short hair. B. Consider the types of customers you will be calling on and select your hairstyle accordingly. C. Use hair styling products to maintain a stylish appearance. D. Wear it short to suggest a conservative, professional, and business-like approach. E. Wear it long to show an optimistic outlook on life.
A purpose of standard costing is to
a. control costs. b. allocate costs more accurately. c. replace subjective decision making. d. compute the breakeven point.
New mothers gradually increasing their hours at work or choosing to cut their hours for reduced pay is an example of:
A. teleworking. B. job sharing. C. flexible scheduling. D. an alternative career path.