Mutual trust is:
A) when employees have gained the trust of management.
B) reflected in reasonable, documented employment policies that are honestly and equitably implemented to the satisfaction of both management and employee.
C) when management has gained the trust of the employees.
D) when management recognizes that the employees are competent, motivated people both able and willing to perform at the level required to produce a quality product.
E) when management and the employees both agree on common objectives.
B
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In a pull supply chain, there is less likelihood of being overstocked or out of stock because the store requests for merchandise are based on customer demand.
Answer the following statement true (T) or false (F)
The best way to buy automobile insurance is through a(n):
A. insurance agent. B. state insurance commission. C. auto dealer. D. finance company. E. bank.
Portfolio analysis is a tool to structure and segment the supply base and is used as a means of classifying suppliers into three types namely, critical, routine and leverage
Indicate whether the statement is true or false
Luma Inc. has provided the following data concerning one of the products in its standard cost system.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials4.8 ounces$6.90 per ounceThe company has reported the following actual results for the product for September: Actual output 2,100unitsRaw materials purchased 10,500ouncesActual price of raw materials$7.80per ounceActual cost of raw materials purchased$81,900 Raw materials used in production 10,090ouncesThe raw materials quantity variance for the month is closest to:
A. $69 U B. $69 F C. $78 F D. $78 U