A firm has a cash conversion cycle of 60 days. Annual outlays are $12 million and the cost of financing is 12 percent. If the firm reduces its average age of inventory by 10 days, the annual savings is ________. (Assume a 365-day year.)

A) $10,400
B) $14,000
C) $28,800
D) $39,452


D

Business

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Helen is a new manager who is about to perform her first round of performance reviews with her employees. She knows which of the following is a characteristic of the performance appraisal process?

A. Most employees view the appraisal process as fair and unbiased. B. Most employees look forward to the appraisal process. C. Training is likely unnecessary for managers performing reviews. D. There are perceptual biases that may affect the manager’s ability to accurately rate follower performance.

Business

Over the last few months, Juan and his colleagues have analyzed the current business situation and identified target markets for his firm's personal care products. Finally, they developed the products, prices, distribution, and promotion that should appeal to each of those target markets. In doing so, Juan has also identified what he believes is an advantage his competitors cannot match. Juan and his colleagues have been developing

A. competitive assessments. B. a marketing strategy. C. team-building exercises. D. a business mission statement. E. a strategic vision.

Business

Discuss the primary objective and operational parameters of aggregate planning

What will be an ideal response?

Business

Monte Carlo simulation is composed of ______ steps.

A. four B. five C. six D. three

Business