If a manufacturer had no inventory of any kind but had orders for 10 finished units of their sole product, their buyer would know what parts to order if they were supplied with a:
A) backward schedule.
B) bill of material.
C) rough-cut capacity plan.
D) planning horizon order sheet.
Answer: B
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Which one of the following best describes the concept of “information panopticon”?
a. The consolidation of various sources of electronic information about organizational members that is made available to the organizational elites b. A central building that houses all key information about people’s lives c. A video surveillance camera that watches workers 24 hours a day d. All of the above
The inventory cost that can include lost sales, cost of expediting, and cost of interrupted production is called
A) ordering cost. B) carrying cost. C) stockout cost. D) setup cost. E) storing cost.
The availability of graphics and sophisticated drawing software facilitate inclusion of complex visuals in reports and spoken presentations
Indicate whether the statement is true or false
If demand is elastic, a change in price causes a parallel change in total revenue.
Answer the following statement true (T) or false (F)