The third step in the purchasing cycle is
a. Collecting supplier information
b. Conducting an internal assessment
c. Developing the sourcing strategy
d. Assessing the market
a. Collecting supplier information
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Subtraction of total operating expenses from sales yields:
a. net income. b. gross margin. c. operating profit. d. all of the above e. none of the above
Advertisements that focus on selling a product or service and which can take three forms - pioneering (or informational), competitive (or persuasive), and reminder - are referred to as
A. cooperative advertisements. B. persuasive advertisements. C. service advertisements. D. institutional advertisements. E. product advertisements.
Consider a product mix problem, where the decision involves determining the optimal production levels for products X and Y. A unit of X requires 4 hours of labor in department 1 and 6 hours of labor in department 2
A unit of Y requires 3 hours of labor in department 1 and 8 hours of labor in department 2. Currently, 1000 hours of labor time are available in department 1, and 1200 hours of labor time are available in department 2. Furthermore, 400 additional hours of cross-trained workers are available to assign to either department (or split between both). Each unit of X sold returns a $50 profit, while each unit of Y sold returns a $60 profit. All units produced can be sold. Formulate this problem as a linear program. (Hint: Consider introducing other decision variables in addition to the production amounts for X and Y.)
Which of the following correlations indicates a perfect statistical relationship between two variables?
A. 1 B. 0 C. -100 D. 100 E. -1