Under the lot-for-lot (L4L) lot sizing technique as used in MRP, we would expect which of the following?
A. Minimized carrying costs
B. A consistent lag of supply behind demand
C. Minimized setup costs
D. Minimized quality problems
E. A just-in-time management philosophy
Answer: A
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A principal who authorizes his agent to commit a tortious act with respect to the property or person of another is not liable for the injury or loss sustained by that person
Indicate whether the statement is true or false
Explain what is involved in the purchasing process.
What will be an ideal response?
The following transactions apply to Sam's Skateboards.1-JanBeginning inventory50 units @ $12012-JanPurchase30 units @ $10419-MarSales60 units @ $1908-JunPurchase20 units @ $1164-NovSales35 units @ $200Assume the use of the perpetual inventory method and that all transactions were for cash.Required:Determine the amount of ending inventory using a FIFO cost flow.
What will be an ideal response?
In the context of the Davis model of corporate social responsibility, it is important for businesses to act in socially responsible ways because businesses
A. have a significant impact on societal issues such as environmental pollution and minority employment. B. can then focus solely on the degree of economic profit to be earned and thus gain social power. C. form a central core from which communities derive their social values. D. have a social obligation to create goods and services for the masses.