A periodic inventory system:
A) uses fixed order sizes at variable time intervals.
B) normally requires a larger safety stock.
C) cannot be used if demand is variable.
D) is used to periodically manage inventory.
Answer: B
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Which of the following is not a feasible production combination?
A) 0L and 0V B) 0L and 1000V C) 1000L and 0V D) 0L and 1200V
Which is correct?
a. Staying in shape and a balanced diet go together. b. Staying in shape and maintaining a balanced diet go together.
Gerald wants to find out the net income of his business for the last quarter. He deducts the cost of goods sold from the revenue earned during that period and then deducts the operating expenses from the gross profit. If Gerald decides to subtract the salary of his employees from the operating expenses before deducting the operating expenses from the gross profit, which of the following expenses would he be deducting?
A. Testamentary expenses B. Administrative expenses C. Selling expenses D. Accrued expenses
A researcher wants to understand how an annual mortgage payment (in dollars) depends on income level and zonal location using a two-way ANOVA without interaction. The data and an incomplete ANOVA table are shown below. Income (Factor A) LowMediumHighZonal Location (Factor B)Downtown255560?Suburbs7075100?Midtown303540?Uptown102530Source of VariationSSdfMSFRows (Factor B) 1,985.42 Columns (Factor A)1,137.50 Error Total7,456.25 At the 1% significance level, the conclusion for the hypothesis test about factor B is ________.
A. do not reject the null hypothesis; we cannot conclude the average mortgage payments differ by zonal location B. reject the null hypothesis; we can conclude the average mortgage payments differ by zonal location C. reject the null hypothesis; we cannot conclude the average mortgage payments differ by zonal location D. do not reject the null hypothesis; we can conclude the average mortgage payments differ by zonal location