You have taken a job in industry and are facing your first ordering decision. As you prepare to place the order, you remember your instructor teaching you that you wouldn't use the EOQ formula if:
A) you followed a make-to-stock strategy for an item with stable demand.
B) your carrying costs and ordering costs are known and relatively stable.
C) the order size is constrained by capacity limitations such as the number or size of the delivery trucks.
D) your setup costs and holding costs remain constant and can be determined.
C
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Which of the following incorrectly states the role of banks in import/export transactions involving a letter of credit (L/C)?
A) The exporter's bank is the advising and/or confirming bank. B) The importer's bank is the advising and/or confirming bank. C) The importer's bank is the advising, confirming, and issuing bank. D) The exporter's bank is the advising, confirming, and issuing bank. E) The importer's bank is neither advising nor confirming bank.
A retailer of sporting goods equipment is interested in learning what peoples' attitudes, motivations, and feelings are about its product lines. All of the following are potential sources for this information EXCEPT:
A. observation research B. mail questionnaire C. in-store interview D. telephone survey E. focus-group interviews
Which of the following is NOT a form of qualitative research?
A. Customer panels B. Complaint solicitation C. Requirements research D. Critical incident studies E. Trailer calls
Which of the following is a cultural change brought about by globalization enabled by information technology?
A) the enforcement of global patent and copyright laws B) the availability of low-cost communication systems C) the development of low-cost computing platforms D) the frequency of worldwide fads and phenomena E) decrease in the outsourcing of labor