At which level of an organization do managers develop overall business strategies, goals, and objectives as part of the company's strategic plan?
A. Managerial level
B. Strategic level
C. Operational level
D. All of these
Answer: B
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Which assertions may be tested for the "transactions and events" category of management assertions?
A. Existence, rights and obligations, accuracy, authorization, and completeness. B. Occurrence, completeness, rights and obligations, accuracy, cutoff, and classification. C. Existence, completeness, rights and obligations, accuracy, cutoff, classification, and presentation. D. Occurrence, completeness, authorization, accuracy, cutoff, classification, and presentation.
Customers, both end users and those within a channel, are often considered by organizations as unimportant members of the value network.
Answer the following statement true (T) or false (F)
Exhibit Palmer Pens Assume that Palmer Executive Pens uses 1,440,000 gallons of ink each year. Further, assume that Palmer can order the ink at a cost of $2 per gallon plus fixed ordering costs of $100 per order. The firm's carrying cost is 20 percent of the inventory value, at cost. Refer to Exhibit Palmer Pens. Now, suppose the manufacturer offers a discount of 0.5 percent for orders of a least 40,000 gallons. Should Palmer increase its ordering quantity to take the discount?
A. Yes; it will save $827 if it takes the discount. B. No; it will lose $827 if it takes the discount. C. Yes; it will save $14,400 if it takes the discount. D. Yes; it will save $13,573 if it takes the discount. E. No; it will lose $13,573 if it takes the discount.
Safety capacity is defined as capacity used to satisfy demand that is lower than forecasted
Indicate whether the statement is true or false.