Just-in-time (JIT) systems are based on the concept associated with pull systems rather than push systems
Indicate whether the statement is true or false
T
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The use of the cost price approach when setting transfer prices
a. should not be used when profit and/or investment centers are involved in the transfer. b. requires only fixed costs be used in setting the transfer price. c. uses only budgeted costs. d. will motivate the division manager to make intracompany product transfers.
A retailer and a supplier both utilize relationship marketing. Which merchandise source do they best illustrate?
a. company-owned b. outside, new supplier c. opportunistic buying d. outside, regularly used supplier
On January 1, 2016, Major purchased a machine that had an estimated useful life of six years and $5,000 residual value. The depreciation on this machine was $2,700 in 2017 using the 150%-declining-balance depreciation method. ? Required: ? Compute the cost of this machine.
What will be an ideal response?
Patricia has just been offered a full-time position over the phone and has decided that the position isn't right for her. What should she do?
A) Say that she will be back in touch and then do nothing because the employer will figure out soon enough that she isn't going to accept the position. B) Accept the position anyway to ensure that she'll have a back-up plan in case no other offers come in. C) Say no on the phone immediately to save the employer time. D) Thank the employer verbally for the offer and then write a letter reiterating her thanks and briefly explaining that she is turning it down.