Geminia Systems, a manufacturer of car components, wants to set up a system that will help in sending invoices to its customers once orders for input supply are placed. Which of the following should the company use to perform this function?
A. Computer-aided design system
B. Lean production
C. Just-in-time inventory system
D. Electronic data interchange
E. Social networking
D
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In 2016, Morton Cosold 150 hot air balloons at $4,000 each. The balloons carry a 5-year warranty for defects. Morton estimates that repair costs will average 4% of the total selling price. The estimated warranty liability at the beginning of the year was $14,000 . $20,000 in claims was actually incurred during the year to honor their warranty. What was the warranty expense for 2016?
a. $10,000 b. $18,000 c. $20,000 d. $24,000
Answer the following statements true (T) or false (F)
1. Empathy is a common characteristic of product quality. 2. The mileage a Honda Civic car gets is important to its target market. 3. The time (or duration) for which a customer uses the product is an important core competency for a company. 4. Finding new ways of advertising is an example of an innovation in operations management to gain a competitive edge.
One of the difficult issues the organization may run into if it chooses a(n) ______ recruiting option is the presence of a bona fide seniority system, meaning a system that gives preference to individuals with longer tenure in the organization.
A. horizontal B. vertical C. external D. internal
Sales forecasts are used by managers in different divisions of an organization.
Answer the following statement true (T) or false (F)