What of the following best describes just-in-time inventory management?
A) Inventory is maintained as a buffer to meet uncertainties in demand, supply, and movements of goods.
B) Production inefficiencies arising when production capacity stands idle for lack of materials are minimized by holding a small stock of essentials at all times.
C) A firm acquires inventory precisely when needed so that its inventory balance is always at, or close to, zero.
D) A firm minimizes the time lags present in the supply chain by maintaining a certain amount of inventory to use in these lag times.
Answer: C
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Cook, Inc, a manufacturer of tires, has given you its most recent annual report in an effort to obtain a sizable loan. The company is very profitable and appears to have a sound financial position. Based on a report presented on prime-time television last night, you are aware that Cook is a defendant in several lawsuits related to its defective tires that cause vehicles to overturn. The
information presented on television is an example of financial information that is a. Relevant b. Consistent c. Predictable d. Comparable
Which of the following is NOT a technique used in integrated marketing communications?
A) product placement in movies and TV shows B) celebrity spokespersons C) third-party sponsorship D) sponsorship of sporting events
Which of the following best explains why information campaigns can succeed?
A. Interested people acquire the most information.
To compute trend percentages the analyst should:
A. Subtract the analysis period number from the base period number. B. Compare amounts across industries using Dun and Bradstreet. C. Compare amounts to a competitor. D. Subtract the base period amount from the analysis period amount, divide the result by the analysis period amount, then multiply that amount by 100. E. Select a base period, divide analysis period amount by the base period amount and multiply that amount by 100.