What are some of the risks of placing the decision of what, when and where to buy solely at the discretion of the purchasing agent?
The result can be excessive inventory for some items, which ties up cash reserves, and stock-outs for other items which leads to lost sales and manufacturing delays. Such discretion can also lead to frauds such as kick-backs to purchasing agents from unapproved suppliers who overcharge for their inventory.
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Indicate whether the statement is true or false
Jackson Brown Footwear had total liabilities of $130 million and total assets of $375 million. Its debt ratio was ________. (round to one decimal place)
Fill in the blank(s) with the appropriate word(s).
Refer to the scenario above. What is the slack for activity G?
A) 4 weeks. B) 3 weeks. C) 2 weeks. D) 1 week.
When Minute Maid mailed out free samples of its new instant drink mix, it was trying to move prospective customers into the ____ stage of the product adoption process.
A. awareness B. interest C. evaluation D. trial E. adoption