Using the fixed-time-period inventory model, and given an average daily demand of 15 units, 3 days between inventory reviews, 1 day for lead time, 30 units of inventory on hand, a service probability of 98 percent, and a standard deviation of daily demand is 3 units, which of the following is the order quantity?
A. About 36.3
B. About 56.8
C. About 42.3
D. About 59.8
E. About 30.4
Answer: C
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Outstanding common stock refers to the total number of shares:
A. Authorized. B. Issued. C. Issued plus treasury stock. D. Issued less treasury stock.
Based on Philip Mirvis’s and Bradley Googins’s five-stage corporate citizenship developmental process, which of the following is most likely to characterize a company’s first philanthropic action?
a. giving a very small percentage of profits to a well-known global charity b. giving some money to a local nonprofit when the nonprofit reaches out directly c. sending employees to work at local nonprofits and charities one full day each year d. starting a foundation that can give to a wide range of causes of interest to the organization
In Scenario 6.1, what does the triangle between Process A and Process B represent?
A) WIP B) takt C) OWMM D) kanban
A major corporation is considering a capital budgeting project that involves the development of a
new technology. The controller estimates the net present value to be negative, yet argues that the company should invest in the project. Which of the following statements is MOST correct? A) The controller should be fired for making such a poor decision. B) The controller may be considering the option to expand or modify the project in the future. C) Capital rationing may exist for the current year. D) The profitability index may be greater than one, giving an accept decision.