Which of the following are advantages of reducing inventory?
I. Engineering changes can be made sooner.
II. Quality can be improved.
III. Less space is needed in manufacturing.
IV. Lead time will be shorter.
A) I, II, III and IV
B) I, II and IV only
C) III and IV only
D) I, II and III only
E) II, III and IV only
A
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Use the following information for Shafer Company to compute inventory turnover for year 2. Year 2 Year 1 Net sales$652,000? $583,800? Cost of goods sold 389,400? 360,930? Ending inventory 78,600? 80,280?
A. 8.30 B. 4.90 C. 5.90 D. 7.27 E. 4.05
What is collaborative engineering?
A. Applies technology to the activities in the order life cycle from inquiry to sale. B. Allows an organization to reduce the cost and time required during the design process of a product. C. Helps organizations reduce their investment in inventory while improving customer satisfaction through product availability. D. Enables an organization to react more quickly to resolve supply chain issues.
Answer the following statements true (T) or false (F)
1. From the union perspective, the bureaucratic system of collective bargaining contracts may achieve stability at the expense of rank and file involvement and activism. 2. Workers seeking the protection of a union contract generally prefer workplace decisions that are guided by impartial rules such as seniority-based pay increases or promotions. 3. U.S. Labor relations are set primarily by strike power, court orders, and public decision-making than by private administrations of contract terms. 4. Nearly every U.S. union contract contains a just cause clause protecting workers from arbitrary dismissal or discipline. 5. Employers in the U.S. are generally required by contract to give union workers a valid, job- related reason for dismissal, just like they must for nonunion workers.
Which of the following is the best example of a high-contact service?
A. Appliance repair B. Newspaper delivery C. Dog training D. Interior decorating E. Plastic surgery