Cycle counting is a physical inventory-taking technique in which inventory is counted on a frequent basis rather than once or twice a year.
Answer the following statement true (T) or false (F)
True
Cycle counting is a physical inventory-taking technique in which inventory is counted frequently rather than once or twice a year.
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In linear programs with more than two decision variables, the area of feasible solutions is represented by an n-dimensional polyhedron
Indicate whether the statement is true or false
Which formula shows the needs based method of estimating the amount of life insurance needed?
A) Life insurance needed = present value of future income B) Life insurance needed = burial + education - food - shelter C) Life insurance needed = income + social security - savings D) Life insurance needed = total needs - existing assets to meet the needs
A portfolio of stocks can achieve diversification benefits if the stocks that comprise the portfolio are ________
A) not perfectly positively correlated B) perfectly correlated C) susceptible to common risks only D) both B and C
Dell Computers receives large shipments of microprocessors from Intel Corp It must try to ensure the proportion of microprocessors that are defective is small
Suppose Dell decides to test five microprocessors out of a shipment of thousands of these microprocessors. Suppose that if at least one of the microprocessors is defective, the shipment is returned.If Intel and Dell agree that Intel will not provide more than 5% defective chips, calculate the probability that the entire shipment will be returned even though only 5% are defective.A) 0.2262 B) 0.3478 C) 0.4564 D) 0.1812