The business buying process begins when someone places an order with a sales representative
Indicate whether the statement is true or false
FALSE
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The following data were taken from the financial statements of Howard Corporation for the year ended December 31 . 2014: Net sales ............................................... $120,000 Net income .............................................. 30,000 Total assets, January 1 . 2014 ........................... 400,000 Total assets, December 31 . 2014 ......................... 600,000 What was
Howard's rate of return on assets for 2014? a. 5 percent b. 6 percent c. 20 percent d. 24 percent
Which of the following can cause delays in production in an MRP II system?
a. Processing time variability b. Part delivery variability c. Both processing time and part delivery variability d. Neither processing time nor part delivery variability
The decline in strike activity since the 1980's can be attributed to all of the following except:
A. Strikes track the business cycle and business is less cyclical today than in the 1980's. B. Both parties have better information today than in the past. C. There is increased resistance by management. D. There is less uncertainty in important market forces like inflation.
The impact of the lack of coordination on supply chain processes decreases for the following measure:
A) manufacturing cost. B) level of product availability. C) transportation cost. D) replenishment lead time.