A/An _____ demonstrates the impact of purchasing and supply strategies and actions on revenues of the firm
a. income measure
b. target cost
c. revenue measure
d. target price
e. cost avoidance measure
c
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Dorffman Inc has a $18,000 favorable flexible budget variance for May. Which of the following statements is true, if May's actual net operating income was $72,000?
A) Dorffman's static budget must have showed a net operating income of $54,000. B) Dorffman's static budget must have showed a net operating income of $90,000. C) Dorffman's flexible budget must have showed a net operating income of $54,000. D) Dorffman's flexible budget must have showed a net operating income of $90,000.
The steps of the management science process are:
A) problem definition, model construction, observation, model solution, implementation. B) observation, problem definition, model construction, model solution, implementation. C) model construction, problem definition, observation, model solution, implementation. D) observation, implementation, problem definition, model construction, model solution.
Which statement about critical chain project management is BEST?
A) CCPM is a complete solution to current project management scheduling needs. B) In a multi-project environment where resources are shared, it is impossible to avoid multitasking. C) There is substantial large-scale empirical research that confirms the efficacy of CCPM. D) Lack of milestones within CCPM make coordination with external suppliers and subcontractors much easier.
Break-even analysis answers what common management question?
What will be an ideal response?