Which of the following describes the limitations of vendor-managed inventory that retailers may encounter?
A. It is an added cost with little benefit for the retailer.
B. Since the vendor owns the merchandise until it is sold by the retailer, at which time the retailer pays for the merchandise, a retailer bears a financial risk.
C. Retail buyers and planners need to monitor inventory levels.
D. When the vendor coordinates the supply chain for its specific products, it does not know what other actions the retailer is taking that might affect the sales of its products in the future.
E. It takes longer for a product to go from design to ordering the product to having the product on the selling floor.
Answer: D
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All of the following statements are true except:
a. IFRS uses net realizable value with no upper or lower limits imposed. b. Both U.S. GAAP and international financial reporting standards (IFRS) require the use of the lower-of-cost-or-market rule to value inventories. c. Write-downs of inventory can be reversed in later periods under U.S. GAAP. d. U.S. GAAP defines market value as replacement cost.
When delivering bad news to employees, which of the following would be the most appropriate channel of delivery?
A) Social networking site B) Email C) In person D) Via telephone E) Formal written documents
Answer the following statements true (T) or false (F)
1. An important part of controlling is monitoring and measuring progress. 2. Melita is assigning various tasks to her employees at the beginning of their shift. This is an example of the controlling function. 3. Transitioning from employee to manager is a natural and seamless process for most new managers. 4. Managers use their interpersonal skills when playing both informational and interpersonal management roles.
The Freedom of Information Act (FOIA) permits for _____examination of records
conducted by the presiding judge, usually in chambers outside the presence of the public, to preserve the confidentiality of documents while giving the judge the opportunity to review the records and make an informed decision. Fill in the blanks with correct word