The average inventory in the supply chain due to either production or purchases in lot sizes that are larger than those demanded by the customer is
A) annual inventory.
B) distribution inventory.
C) cycle inventory.
D) physical inventory.
Answer: C
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Answer the following statements true (T) or false (F)
1. According to Adam Smith, mutually beneficial trade requires each nation to be the least-cost producer of at least one good that it can export to its trading partner. 2. If an economy is characterized by increasing opportunity costs, increasing the production of steel by constant amounts results in a constant rate of decrease in the production of autos. 3. If Canada produces computers at a lower relative cost than Germany, Canada is said to have a comparative disadvantage in computers. 4. If Mexico was to realize an increase in its factors of production, its production possibilities frontier would shift inward toward the origin of the diagram. 5. Mercantilism refers to a system of restraints on imports and the promotion of exports, as used by governments in the 1600's and 1700's.
Which variable is incorrectly defined in the following code?
Public Function DuPontROE(ProfitMargin As Single, AssetTurnover As Double, DebtRatio As Range) As Single DuPontROE = ProfitMargin * AssetTurnover / (1 - DebtRatio) End Function a) DuPontROE b) ProfitMargin c) AssetTurnover d) DebtRatio e) Function
Some fast-food restaurants offer tasty and convenient food that customers want at affordable prices, but in doing so they contribute to a national obesity epidemic and environmental problems. These fast-food restaurants overlook ________
A) the marketing concept B) perceived needs C) the production orientation D) social responsibility E) the sales orientation
What country below is a member of low-context cultures:
a. China b. Japan c. Chile d. United States