Which of the following is one of the types of inventory carried by a company?
A. different foods for employee consumption
B. maintenance, repair, and operations (MRO) inventory
C. arms and ammunition for security purposes
D. pet food for animals on company premises
B. maintenance, repair, and operations (MRO) inventory
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A business with a simple capital structure would present only basic earnings per share information in its financial statements
Indicate whether the statement is true or false
What is the main obstacle for initiating and maintaining activities that benefit the company’s social environment?
a. economic pressure to demonstrate profitability on a short-term basis b. belief that it is not the company’s responsibility to spend resources in this way c. lack of sponsors who are willing to champion particular initiatives d. deciding who in the community gets helped and who doesn’t
The Irish labor relations systems relies on voluntarism and a _______________________________ between labor, business and the government to negotiate peak level agreements on social and economic issues.
Fill in the blank(s) with the appropriate word(s).
The Burdell Wheel and Tire Company assembles tires to wheel rims for use on cars during manufacture of vehicles by the automotive industry. Burdell wants to locate a low-cost supplier for the tires he uses in his assembly operation
The supplier will be selected based on total annual cost to supply Burdell's needs. Burdell's annual requirements are for 25,000 tires, and the company operates 250 days a year. The following data are available for two suppliers being considered. SUPPLIER SHIPPING QUANTITY PER SHIPMENT SHIPPING COSTS PRICE / TIRE (p) INVENTORY HOLD COSTS (H) LEAD TIME (DAYS) ADMIN. COSTS LEXINGTON TIRE 2,000 $18,000 $30 $6.00 6 $15,000 IRMO AUTO 1,000 $25,000 $29 $5.80 4 $18,000 Using the Total Cost Analysis for Supplier Selection, which supplier should Burdell choose? Provide details to justify your answer.