An integrated computer system that pulls together all appropriate data, including data from suppliers and customers, as well as internal sources is known as:
a. enterprise resource planning
b. elementary resource planning
c. hertz resource planning
d. materials resources planning
e. materials requirements planning
a. enterprise resource planning
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According to JIT philosophy,
a. inventories of finished goods always should be available to meet customer demand. b. push-through manufacturing flows are the most efficient. c. maintaining inventories wastes resources and frequently covers up poor work or other problems. d. long production runs and large production lot sizes take advantage of economies of scale.
In the United States, technical regulations and product standards can be set by: A) The Department of Agriculture
B) The Consumer Product Safety Commission. C) The Food and Drug Administration. D) The Department of Transportation. E)all of the above.
Spohn Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 3,400 client-visits, but its actual level of activity was 3,370 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting for February: Fixed Element per MonthVariable element per client-visitRevenue - $28.10 Personnel expenses$26,100 $7.70Medical supplies 900 5.10Occupancy expenses 5,600 0.80Administrative expenses 4,300 0.40Total expenses$36,900 $14.00?The administrative expenses in the planning budget for February would be closest to:
A. $5,418 B. $5,648 C. $5,660 D. $5,466
What is the repayment schedule for the first three years fora twenty?year mortgage loan of $75,000 with a 12% rate of interest if the annual payment is $10,041.50? (This material was initially covered in Chapter 7, and the concept reappears in this chapter.)
What will be an ideal response?