A criterion validation study must:
a. be based on a thorough job analysis
b. include a representative sample
c. demonstrate a statistical association between test performance and job performance
d. all of the above
e. none of the above
D
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________ reflects the buyer's inability to predict how many alternate suppliers will be available and what quality of goods and services will be forthcoming when a need arises
a. transaction uncertainty b. buying uncertainty c. market uncertainty d. need uncertainty
In _____________ countries such as the United States and Sweden, people tend to prefer consultation with others and strive to ensure the distribution of power is equalized as fairly as possible.
a. Low uncertainty b. Low power distance c. Long-term orientation d. High power distance
Granfield Company has a piece of manufacturing equipment with a book value of $40,000 and a remaining useful life of four years. At the end of the four years the equipment will have a zero salvage value. The market value of the equipment is currently $22,000. Granfield can purchase a new machine for $120,000 and receive $22,000 in return for trading in its old machine. The new machine will reduce variable manufacturing costs by $19,000 per year over the four-year life of the new machine. The total increase or decrease in net income by replacing the current machine with the new machine (ignoring the time value of money) is:
A. $76,000 increase B. $22,000 decrease C. $22,000 increase D. $52,000 increase E. $18,000 decrease
Given an EOQ model with shortages in which annual demand is 4200 units, Co = $160, Cc = $7 per unit per year and CS = $25, what is the annual carrying cost?
What will be an ideal response?