A difference between efficient supply chains and responsive supply chains is that responsive supply chains _____
A) focus on flexibility and responsive service
B) focus on maximizing efficiencies in process flow
C) seek to balance capacity and demand, resulting in low levels of inventory
D) seek to minimize cost of routing products from factory to customers
A
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An asset is considered to be obsolete ________
A) only when it wears out B) only at the end of its useful life C) when it is fully depreciated D) when a newer asset can perform the job more efficiently than the old asset can
Although popular, the NGT has not been shown to enhance one or more dimensions of effectiveness of decision-making groups
Indicate whether the statement is true or false
Burruss Company developed a static budget at the beginning of the company's accounting period based on an expected volume of 7000 units: Per UnitRevenue$7.00? Variable costs 2.50? Contribution margin$4.50? Fixed costs 2.00? Net income$2.50? If actual production totals 8000 units which is within the relevant range, the flexible budget would show fixed costs of:
A. $2 per unit. B. $16,000. C. $14,000. D. None of these answers is correct.
Which of the following is correct with regard to the capacity of an agent?
A) The incapacity of the agent disqualifies him from making a contract that is binding on his principal. B) Business associations do not have the capacity to act as agents. C) If an incompetent person who is not under guardianship appoints an agent, contracts made by that agent are voidable. D) Electronic agents, although not persons, are considered agents.