________ may reduce overall profits for a firm if a single product contributes the majority of the demand
A) Shortened forecasting window
B) Quick response
C) Postponement
D) Tailored sourcing
Answer: C
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Describe the fundamental ideas underlying the classical viewpoint to management, and give at least one example of a modern practice that has its roots in this view. Compare and contrast its two approaches.
What will be an ideal response?
Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$10,600 65% Conversion costs$12,800 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$142,100 Conversion costs$359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs.The cost per equivalent unit for conversion costs for the first
department for the month is closest to: A. $48.47 B. $40.03 C. $44.58 D. $46.16
The consolidation of AB Corporation and ZX Corporation requires the affirmative majority vote of:
a. the boards of directors and shareholders of both corporations. b. the boards of directors of both corporations, but not the shareholders. c. the shareholders of both corporations, but not the boards of directors. d. the directors and shareholders of one of the corporations, but not both corporations.
Japan's Sony Corporation is a prime example of a multinational enterprise. With this in mind, which of the following would most accurately characterize Sony's operations?
A. It follows a strategy of market globalization. B. It has operations or subsidiaries in many different countries. C. It places most of its emphasis on profits generated in foreign countries. D. It would not expect its foreign operations to share the same goals as the parent firm. E. It does not concern itself with differences in markets around the world.