Answer the following statement(s) true (T) or false (F)
1. Although physical distribution by air has the fastest delivery speed, it is the worst method in terms of dependability.
2. Public and private warehouses both provide storage on a rental basis.
3. Freight forwarders combine small shipments from several firms and arrange for the merchandise to be picked up from the shipper and delivered to the buyer.
4. The materials handling phase of physical distribution does not start until the product has left the warehouse.
5. JIT systems allow organizations to maintain smaller inventories by ordering smaller amounts more often.
1. FALSE
2. FALSE
3. TRUE
4. FALSE
5. TRUE
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Blake worked 40 hours this week but was paid for 45 hours. Blake is paid under a(n) __________ plan.
A. bonus B. commission C. merit pay D. standard hour E. exit pay
To improve the effectiveness of the HR function, activities that can be handled through computerization are ______.
a. traditional b. transactional c. transformational d. all of these
United Insurance Company insures Travelco for fire insurance. United reinsures 40% of this exposure with Promises Reinsurance company on a pro-rata basis. If a $400,000 insured loss occurs at Travelco, Promises Reinsurance will pay United:
A) $0 B) $400,000 C) $160,000 D) $240,000
Financial ratios give little indication whether a company is well managed or not
Indicate whether the statement is true or false.