Which of the following statements is true?
I. It is NOT always practical to expect 100% inventory accuracy on all items.
II. "C" items should be expected to have a higher inventory accuracy than "A" items.
III. Tolerance is the amount of permissible variation between an inventory record and a physical
count.
A) I, II and III
B) I and II only
C) I and III only
D) II and III only
E) I only
C
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The state of Ohio has passed a law requiring that every automobile be inspected at least once a year for pollution control. Anson Enterprises is considering entering into this type of business. After extensive studies, Mark Anson has developed the following set of projected annual data on which to make his decision: Direct service labor $363,000.00 Variable service overhead costs 270,000.00 Fixed
service overhead costs 280,000.00 Marketing expenses 120,000.00 General and administrative expenses 170,000.00 Minimum profit 90,000.00 Cost of assets employed 500,000.00 Anson believes that his company will inspect 100,000 automobiles per year. The company earns an average of 18.75 percent return on its assets. The projected cost for inspecting each automobile would be A) $11.13. B) $12.03. C) $12.93. D) $10.03.
According to Christensen, what is the reason that sustaining technologies do not produce innovation?
a. They improve the performance of existing products rather than replace them b. They need more investment c. They are obsolete d. All of the above
Integer programming models have an objective function to be optimized, a set of constraints to be satisfied, and a set of constraints that forces some or all decision variables to be integers
a. True b. False
Which of the following is a form of casualty insurance?
A) fire insurance B) general liability insurance C) inland marine insurance D) ocean marine insurance