A company that outsources some or all of its logistics activities to other companies is engaged in
A. third-party logistics.
B. enterprise resource planning.
C. materials management.
D. just-in-time inventory management.
E. intermodal transportation.
Answer: A
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Accounts Receivable is closed to Income Summary as part of the closing process
Indicate whether the statement is true or false
Donnelly Manufacturing Donnelly Manufacturing sells cedar birdhouses. The company has prepared the following sales forecast for the third quarter of 2013: July 10,000 units August 12,000 units September 20,000 units Inventory at June 30, 2013 was budgeted at 1,500 units. Management would like the desired quantity of finished goods inventory at the end of each month to be equal to 15% of next
month's budgeted unit sales. October's sales are projected to be 24,000 units. Each completed unit of finished product requires 2.5 square feet of cedar at a cost of $3.5 per square foot. Refer to the Donnelly Manufacturing information above. The company has determined that it needs 10 percent of next month's raw material needs on hand at the end of each month. The cost of the direct material that should be purchased in August is: A) $121,975 B) $ 34,850 C) $115,500 D) $ 46,200
The PFI arrangement in the United Kingdom for projects is an acronym for:
A) Project Failure Insurance. B) Profiterole Filling Inclusion. C) Private Finance Initiative. D) Primary Figure Investment.
Use of value stream mapping requires construction of a current state drawing, a future state drawing, and an implementation plan
Indicate whether the statement is true or false