Answer the following statements true (T) or false (F)
1) In managing inventory for independent demand items, the phrase "timing" refers to the decision query "when to place an order."
2) Demand that is calculated from a parent item is called independent demand.
3) Pareto's law suggests that 80% of the customers will account for 20% of the revenue.
4) In ABC analysis, inventory items are classified by unit cost, with expensive items being classified as A items, and inexpensive items being classified as C items.
5) In ABC inventory analysis, C items typically represent about 15 percent of the number of items but 80 percent of the usage.
1) TRUE
2) FALSE
3) FALSE
4) FALSE
5) FALSE
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Which of the following is an example of a force for change originating outside the organization?
A. productivity issues B. conflict management C. structural reorganization D. social and political pressures E. absenteeism
Compared to unstructured group decisions, the use of structured decision making techniques (such as the nominal group technique):
a. increases the amount of social communication in a group. b. reduces satisfaction with the group’s decision. c. reduces the impact of power differences within the group. d. decreases acceptance of the group decision.
A face-to-face conversation is considered a richer medium than a written report or proposal
Indicate whether the statement is true or false
To attract reader interest, you should preview your recommendation in the subject line of a persuasive message when using the indirect organizational plan
Indicate whether the statement is true or false