As production becomes more automated, direct labor may be viewed more as a conversion cost than as a prime cost
Indicate whether the statement is true or false
T
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The Village Green, a women's clothing store, took a map of the city and the checks written by its customers during the last quarter. The store's owner then marked the address of each customer on the map with a map pin. By looking at where the pins clustered on the map, she could determine her trade area. She was engaged in
A. financial demographics. B. customer clustering. C. residential research. D. geographic research. E. customer spotting.
Financial statements are important to the efficient allocation of resources in our economy
Indicate whether the statement is true or false
A manufacturer of cat towers wishes to locate a super assembly facility to meet their cat tower assembly needs for the next millennium
Currently, carpet, cylinders, yarn and fasteners are purchased in bulk from suppliers in North Haverbrook, Ogden, and Springfield in the quantities shown in the table. The super assembly facility would ship to distribution centers located in Seattle, Lubbock, Nashville, and Philadelphia. The locations of all of these cities on an x-y grid, transportation costs on a ton per mile basis, and total tonnage are all contained in the table. Sources/Markets Transportation Cost $/ton mile (Fn) Quantity in Tons (Dn) Xn Yn Supply North Haverbrook 1.1 650 700 1200 Ogden 1.2 450 250 600 Springfield 1.4 400 225 825 Market Seattle 2.25 300 50 1200 Lubbock 2.25 200 450 300 Nashville 2.25 500 800 250 Philadelphia 2.25 500 950 1100 What is the distance between the Ogden and Seattle locations? A) 450 miles B) 350 miles C) 630 miles D) 1050 miles
The multiplicative form of the systematic component of demand is shown as
A) level × trend × seasonal factor. B) level + trend + seasonal factor. C) (level + trend) × seasonal factor. D) level × (trend + seasonal factor).