"Little JIT" refers to
A. working with designers, production managers, and marketers to simplify product design.
B. reducing the size of the production facility to make it more manageable.
C. narrowing the focus to the management of goods inventories.
D. lean production.
Answer: C
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Robusto Coffee Traders Inc sells prepackaged coffees to a variety of businesses throughout the East Coast. Robusto purchases the coffee in bulk from a wholesale distributor and packages the coffee themselves to sell to customers. The company expects to sell 120,000 and 135,000 one-pound packages of coffee during 2012 and 2013, respectively. The company had 6,000 one-pound packages on hand at the
beginning of 2012, and the company has a policy of maintaining an ending inventory equal to 5 percent of the packages needed for next year's expected sales. How many packages of coffee should the company plan to purchase in 2012? A) 126,750 B) 120,750 C) 119,250 D) 255,000
If the plaintiff in a fraud case was aware that the key information was false, but went ahead with the deal anyway, then:
a. the damage award will not be as high b. there is no fraud c. the defendant will not have to pay damages, but will have to pay the plaintiff's attorney fees d. the case will go on to a higher court e. the court's decision cannot be appealed
The records show that 8% of the items produced by a machine do not meet the specifications. Use the normal approximation to the binomial distribution to answer the following questions. What is the probability that a sample of 100 units contains
a. Five or more defective units? b. Ten or fewer defective units? c. Eleven or less defective units?
When a liquidating corporation pays off an unsecured debt obligation,
A. the corporation recognizes no gain or loss if it uses cash. B. the corporation recognizes any gains but not losses realized. C. the corporation recognizes losses but not gains realized. D. the corporation recognizes no gain or loss if it uses appreciated property.