A company using portfolio analysis correctly decides to streamline the purchasing process for a few items by use of EDI and automated requisitions to the greatest extent possible. The quadrant that these items fall in is most probably the:
A) bottleneck quadrant.
B) critical quadrant.
C) leverage quadrant.
D) routine quadrant.
Answer: D
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In the object-oriented systems design approach, the employee pay rate is an example of
a. an object b. an attribute c. an operation d. a class
While approaching an ethical issue in marketing, the utilitarian tradition would want to know:
A. about other values that are affected by the exchange. B. about the personal characters of the parties that are involved in the exchange. C. the degree to which a transaction provided actual as opposed to merely apparent benefits. D. the degree to which individuals freely participate in an exchange.
Answer the following statements true (T) or false (F)
1. In a standard costing system, each input of direct materials, direct labor, and manufacturing overhead has a cost standard and an efficiency standard. 2. A standard cost system helps management set performance standards. 3. A favorable direct materials cost variance occurs when the actual direct materials cost incurred is less than the standard direct materials cost. 4. A favorable direct materials cost variance occurs when the actual direct materials cost incurred is greater than the standard direct materials cost. 5) Favorable and unfavorable variances are netted together in the same way debits and credits are.
Consider the data on Inventory of Widgets Over a 10-Day Period. Any time that ending inventory falls to 15 or below, an order is placed for 20 units of the product. The lead time for delivery varies and is shown in the column under Lead Time. If the backorder costs amount to $14 for each widget that is on backorder, then what are the total backorder costs?
a. $0
b. $14
c. $126
d. $90