The fourth step in the supply chain process integration model is to
a. Develop performance measures for each integrated process
b. Assess and improve external process integration
c. Establish supply chain strategies
d. Align key process objectives with supply chain strategies
a. Develop performance measures for each integrated process
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Which one of the following is considered a financing activity?
a. The payment of interest on a note payable to the bank b. Selling products to customers c. Paying wages to employees d. The payment of a cash dividend
One of the ways to change the course of a brand is to modify the product. Under product modification, ________ adds size, weight, materials, supplements, and accessories that expand the product's performance, versatility, safety, or convenience
A) feature improvement B) quality improvement C) style improvement D) size improvement E) technological improvement
Which of the following is an example of a direct materials efficiency standard?
A) $40 per direct labor hour B) 50 square feet per unit C) $0.95 per square foot D) 6 direct labor hours per unit
If legally allowed, during periods of rising inventory values, a retailer using the FIFO (first-in-first-out) method could reduce its tax liability by _____
a. using the cost method of retail accounting b. maintaining a book inventory c. calculating deductions from retail value d. switching to LIFO