According to the Myers–Briggs type indicator (MBTI), which of the following personality characteristics is related to being practical or “idea people”?
A. introversion/extraversion
B. sensing/intuition
C. thinking/feeling
D. judging/perceiving
B. sensing/intuition
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Identify six classes of physical controls employed in the expenditure cycle and give one example of each
A profitable utility will maintain a high operating ratio
Indicate whether the statement is true or false
Which of the following is the correct formula for measuring an efficiency variance?
A) Efficiency Variance = (Actual Quantity + Standard Quantity) - Standard Cost B) Efficiency Variance = (Actual Quantity × Standard Quantity) / Standard Cost C) Efficiency Variance = (Actual Quantity / Standard Quantity) × Standard Cost D) Efficiency Variance = (Actual Quantity - Standard Quantity) × Standard Cost
The perfect order measurement calculates which of the following?
A) the amount of inventory that is just right to warehouse B) the origin, current location, and destination of a tagged product C) the most cost-effective and efficient mode of transportation D) the value of the time utility provided to customers through logistics E) the error-free rate of each stage of a purchase order