Discuss the documents used in a batch processing system.
What will be an ideal response?
The production schedule is the formal plan and authorization to begin production. It describes the specific products to be made, quantities per batch, and manufacturing timetable. The bill of materials (BOM) specifies the types and quantities of the RM and subassemblies used to produce one unit of finished product. A route sheet shows the production path that a particular batch of product follows during manufacturing (sequence of operations and standard time of each task). The work order draws from BOMs and route sheets to specify the materials and production for each batch. These, together with move tickets, initiate the manufacturing process. A move ticket records work done in each work center and authorizes the movement of the job or batch from one work center to the next. A materials requisition authorizes the storekeeper to release materials to individuals or work centers in the production process, usually at standard quantities.
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Calculate the gross profit if the net marketing contribution is $40 million, the market share is 5%, the acquisition cost is $10 million and the retention cost is $7 million
A) $57 million B) $23 million C) $230,000 D) $60 million E) $2.85 million
Cash equivalents represent _____ in which a firm has temporarily placed excess cash. We use the term cash flows to refer to flows of both cash and cash equivalents
a. long-term, highly liquid investments b. short-term, highly liquid investments c. short-term, highly illiquid investments d. long-term, highly illiquid investments e. common stocks and bonds of other companies
To help a team meet its goals, a team leader should not ____.
A. make demands B. be persuasive C. encourage D. communicate
The potential for dissonance is influenced by ________.
A. personality B. the ability to be persuaded C. self-confidence D. All of the choices are correct.