Multiplication of orders up the supply chain that can cause wild demand and supply fluctuations is known as the______________________________.
Fill in the blank(s) with the appropriate word(s).
bullwhip effect
You might also like to view...
________ is(are) another way of describing a vertical hierarchy.
A. An upward graph B. An X-Y chart C. A chain of command D. A network structure E. Corporate steps
Rients Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for October. Fixed Element per MonthVariable Element per Customer ServedActual Total for OctoberRevenue $4,100$182,900Employee salaries and wages$42,300 $1,300$98,800Travel expenses $700$30,500Other expenses$31,500 $31,900When the company prepared its planning budget at the beginning of October, it assumed that 39 customers would have been served. However, 44 customers were actually served during October.The revenue variance in the Revenue and Spending Variances column of a report comparing actual results to the flexible budget
for October would have been closest to: A. $2,500 U B. $23,000 F C. $2,500 F D. $23,000 U
The costs associated with inventory in a production environment include all but which of the following?
a. Direct labor and overhead. b. Inspection of finished goods goods recieved for reslale. c. Set up costs for rescheduled production. d. Labor time and machine downtime.
The advantage of branding a product is that it
a. differentiates the product from those of competitors b. makes the product more tangible c. changes the core benefit offered d. provide products with a distinctive look or feel e. all of the above