Which one of the following statements about quantity discounts is BEST?
A) The minimum cost point on each price curve is always feasible.
B) A price break is the maximum quantity needed to get a discount.
C) If the EOQ for the lowest price is feasible, this is the best lot size.
D) Either price or quantity is sufficient for the search for the best lot size.
C
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When a company discounts an interest-bearing note at a bank with recourse:
a. The company is assured payment at maturity. b. The company will receive the full amount of the note plus interest. c. The company has a contingent liability from the time the note is discounted until its maturity date. d. The bank assumes the credit risk on non-payment at the maturity date.
A graph depicting yearly depreciation expense under an accelerated depreciation method will contain a line that goes
a. horizontally across. b. down as one goes from left to right. c. down and then up as one goes from left to right. d. up as one goes from left to right.
In terms of networking with influential people, a key suggestion is to
A) brag about your other important network members. B) keep in touch even if you have nothing important to contribute. C) think of a sensible reason to contact them. D) suggest that you are willing to be a humble servant.
Most inventory models attempt to minimize:
A) the likelihood of a stockout. B) the number of items ordered. C) total inventory-based costs. D) the number of orders placed. E) the safety stock.