Which of the following activities is NOT a responsibility of the purchasing manager?
a. supervise and manage the acquisition of goods and services
b. coordinate the quantity and timing of the delivery of materials needed by the firm
c. schedule production and manages inventory of raw materials, work-in-progress, and finished products
d. oversee the quality and price of materials acquired by the firm
c. schedule production and manages inventory of raw materials, work-in-progress, and finished products
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Answer the following statements true (T) or false (F)
1. Repair and maintenance costs of vehicles used to deliver products to customers are product costs. 2. Repair and maintenance costs of vehicles used to deliver products to the customers are included in manufacturing overhead. 3. Direct materials and direct labor are prime costs. 4. Manufacturing companies produce their own products, but merchandising companies do not. 5. Service companies sell their time, skills, and knowledge.
PNFI statistic is most useful for comparing nested models
Indicate whether the statement is true or false
The LIFO cost of ending inventory will be the same for a periodic inventory system and a perpetual inventory system
Indicate whether the statement is true or false
The form of a compound varies with custom and usage as well as with _______________
a. the context b. authorial intent c. the length of time the compound has existed d. disciplinary guidelines