Which of the following generates demand forecasts using statistical tools and forecasting techniques?
A. Bullwhip effect.
B. Demand planning software.
C. Supply chain visibility.
D. Supply chain execution software.
B. Demand planning software.
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Wuensch Inc., an escrow agent, has provided the following data concerning its office expenses: Escrows Completed Office ExpensesApril53 $7,427May94 $9,201June37 $6,769July87 $8,902August40 $6,875September38 $6,797October82 $8,681November35 $6,678December62 $7,836Management believes that office expense is a mixed cost that depends on the number of escrows completed. Note: Real estate purchases usually involve the services of an escrow agent that holds funds and prepares documents to complete the transaction.Using the high-low method, the estimate of the fixed component of office expense per month is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $6,678 B. $5,182 C. $7,182 D. $7,685
"Market," as used in the phrase "lower of cost or market" for valuing inventory, refers to the price at which the inventory is being offered for sale by its owner
Indicate whether the statement is true or false
As a member of a team that must make a presentation, your responsibility—
a. can be fulfilled best if you direct the work of other team members. b. ends when you have given your part of the presentation. c. includes being prepared to handle questions or refer them to others who know the answers. d. is to react nonverbally to other team members' contributions to the presentation.
______ is the measure of how well a process uses the time available to complete it.
a. Total flow time b. Total cycle time c. Production volume d. Balance efficiency