Consider the data on Inventory of Widgets Over a 10-Day Period. Any time that ending inventory falls to 15 or below, an order is placed for 20 units of the product. The lead time for delivery varies and is shown in the column under Lead Time. If the inventory costs amount to $3 per widget per day, then what are the total inventory costs?
A. $345
B. $215
C. $785
D. $68
A. $345
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Domestic content legislation applied to autos would tend to
a. support wage levels of American autoworkers. b. lower auto prices for American autoworkers. c. encourage American automakers to locate production overseas. d. increase profits of American auto companies.
What should be avoided when granting claims and requests for adjustment when your company is at fault?
A) Blaming anyone in the organization by name B) Going into the details of how you plan to resolve the situation C) Starting with the assumption that the information the customer provided is correct D) Openly sympathize with the customer's situation E) Take or assign personal responsibility for setting matters straight
Within the relevant range, if activity increases, what would be the effect on each of the following?
a. Fixed costs/unit: decrease; Variable cost/unit: no change. b. Fixed costs/unit: decrease; Variable cost/unit: decrease. c. Fixed costs/unit: no change; Variable cost/unit: no change. d. Fixed costs/unit: no change; Variable cost/unit: decrease. e. Fixed costs/unit: increase; Variable cost/unit: no change.
When a buyer obtains a loan from a bank to pay a seller, the transaction is known as a(n) ________
A) attachment B) floating lien C) two-party secured transaction D) three-party secured transaction