Retail information and supply chain management systems help retailers to do all of the following except
A. avoid class action lawsuits.
B. minimize the retailer's inventory investment.
C. make sure desired merchandise is available when customers want it.
D. monitor the flow of information and merchandise.
E. gain strategic advantages.
Answer: A
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Equivalent units of production are equal to the
a. units completed by a production department in the period. b. number of units worked on during the period by a production department. c. number of whole units that could have been completed if all work of the period had been used to produce whole units. d. identifiable units existing at the end of the period in a production department.
Weston, Inc., produces widgets. To manufacture a new type of widget, it took 19 iterations before the process reached a steady state of 33 hours. If Weston has a 94% learning rate, use the logarithmic approach to calculate the time it took to manufacture the first widget.
a. 42.92 hours b. 44.80 hours c. 41.21 hours d. 42.11 hours
The task-relationship dimensions used in micro level leadership have strong applications to upper level leadership.
a. true b. false
Researchers at the University of Michigan concluded that there are four categories of leadership behaviors related to effective group performance. Identify a true statement about one of the four categories, interaction facilitation.
A. It is a job-centered dimension of behavior. B. It is similar to initiating structure, an Ohio State dimension. C. It includes those behaviors that are primarily concerned with motivating subordinates to accomplish the task at hand. D. It includes those behaviors where leaders act to smooth over and minimize conflicts among followers.