Business products tend to be sold direct to customers because
A. business markets have more transactions.
B. the orders are small in size.
C. customers are usually widely dispersed across geographic areas.
D. e-commerce systems can efficiently handle orders once relationships are established.
E. these products always use direct distribution.
Answer: D
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The document that the purchasing department prepares and sends to the vendor to place an order is called the:
A. Purchase order. B. Purchase requisition. C. Invoice approval. D. Receiving report. E. Invoice.
Which inventory cost flow method assigns the average unit cost to all units whether sold or left in ending inventory?
A) Specific identification B) Weighted average C) FIFO D) LIFO
Which of the following statements is FALSE regarding emotional intelligence?
a. It is viewed as part of a team’s communication climate. b. It is important only in leaderless teams. c. It is related to higher performance. d. It can be improved.
Lean thinking with a firm’s suppliers involves all of the following except?
a. Delivery of smaller quantities b. More frequent deliveries c. Earlier deliveries d. Delivery to point of use