What are four methods of collecting data? (186-187)
What will be an ideal response?
1. questionnaires
2. interviews
3. observations
4. archival data
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Which of the following is not a concern when managing inventory in a just-in-time environment?
A) Reduction of space needed to store inventory B) Inventory turnover C) Labor cost D) Inventory size reduction
Recessions and financial crises have led to layoffs, reduced wages, unemployment, bankruptcy, and labor shortages. These are examples of which challenge/opportunity for organizations?
a. Innovation and change b. Sustainability c. Economic factors d. Customer service
If you want to verify attendance at a meeting, you should call the attendees personally.
Answer the following statement true (T) or false (F)
At the beginning of the month, the Forming Department of Martin Manufacturing had 10,000 units in inventory, 30% complete as to materials, and 10% complete as to conversion. During the month the department started 60,000 units and transferred 62,000 units to the next manufacturing department. At the end of the month, the department had 8,000 units in inventory, 80% complete as to materials and 60% complete as to conversion. If Martin Manufacturing uses the FIFO method of process costing, compute the equivalent units for materials and conversion respectively for the Forming Department.
A. 68,400 materials; 66,800 conversion. B. 65,400 materials; 65,800 conversion. C. 58,400 materials; 56,800 conversion. D. 65,400 materials; 66,800 conversion. E. 59,000 materials; 61,000 conversion.