A firm may choose to build a flexible global supply chain even in the presence of little demand or supply uncertainty if
A) certainty exists in both exchange rates and prices.
B) certainty exists in exchange rates or prices.
C) uncertainty exists in both exchange rates and prices.
D) uncertainty exists in exchange rates or prices.
Answer: D
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A company's liquidation of inventory under LIFO results in higher income during periods of rising costs. Therefore, management can manipulate earnings by delaying purchases until after the end of the fiscal year
Indicate whether the statement is true or false
ABC, Inc., is a small clothing manufacturer that produces shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hr of sewing machine time and up to 150 hr of cutting machine time. Production of one shirt requires 3 hr of sewing time and 1 hr of cutting time. Each pair of pants requires 2 hr of sewing time and 1.5 hr of cutting time. Each shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. Determine cutting time constraint for the LP formulation. Let X1 = Number of shirts to be produced, X2 = Number of pairs of pants to be produced. Which one of the following is NOT one of the corner points (x1, x2) in this LP formulation?
A. (24,84) B. (80,100) C. (0,100) D. (80,0)
Refer to Table 6-1. Using a three-month moving average, the forecast sales for periods 5 and 6
are approximately A) 383 and 418. B) 383 and 448. C) 418 and 448. D) 418 and 473. E) 448 and 473.
Which of the following is an advantage associated with managing projects in a functional organization?
a. Each unit contains a variety of specialists suited to solving complex problems. b. Unity of command - one clear supervisor for each worker. c. Rapid communication between the various functions working on the project. d. Combines task focus with technical capability.