Operations managers are involved at both the strategic and tactical levels of corporate strategy
Indicate whether the statement is true or false
TRUE
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In non-manufacturing firms, purchasing decisions are authorized by inventory control
Indicate whether the statement is true or false
In creating research objectives, researchers should keep which four important qualities of objectives in mind?
A) precise, operational, detailed, concise B) precise, objective, detailed, concise C) precise, operational, detailed, clear D) precise, operational, symptomatic, clear E) timely, cost-benefit, axiomatic, detailed
Firms are most likely to form _____________ with members at other levels in the supply chain (either suppliers, distribution channel members, or customers)
a. vertical partnerships b. horizontal partnerships c. product development alliances d. joint ventures e. None of the above
Griffin Manufacturing uses job order costing to measure and track the costs incurred for specific jobs. Griffin has determined that direct labor cost drives its manufacturing overhead costs. During the month of August, the following data were available for Job #45: Direct labor 200 hours at $15 per hour Direct materials 90 gallons at $6 per gallon Machine hours used 100 hours If total overhead
costs during the month totaled $4,000 when a total of $20,000 in direct labor costs were incurred, what will be the total manufacturing cost of Job #45? A) $4,140 B) $3,580 C) $7,540 D) $3,540