Since it is essentially retirement insurance, in order to qualify for Social Security benefits, individuals must be at least 65 years of age.
Answer the following statement true (T) or false (F)
False
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Which one of the following types of costs is most likely to be included in determining the cost of inventory?
A) freight-in costs B) freight-out costs C) interest cost for amounts borrowed to finance the purchase of inventory D) marketing costs
Ainsworth is a toy manufacturer based in Australia. Which of the following most likely indicates that Ainsworth is following a diversification strategy?
A) Ainsworth increases its spending on advertising and promotion. B) Ainsworth acquires the rights to manufacture toys resembling a popular cartoon character. C) Ainsworth introduces its toys in the Indian and South-East Asian markets. D) Ainsworth enters the U.S. market with a line of children's clothing. E) Ainsworth develops a new line of educational toys targeting its current market.
The Taft-Hartley Act was passed to place certain restraints on union practices.
Answer the following statement true (T) or false (F)
Which of the following would be a disadvantage of manufacturer storage with direct shipping?
A) The ability to reduce cost of inventory by centralizing inventories at the manufacturer. B) The manufacturer has to postpone customization until after the customer order has been placed. C) Supply chains have to eliminate other warehousing space to save on the fixed cost of facilities. D) Response times tend to be large because the order has to be transmitted from the retailer to the manufacturer and shipping distances are on average longer from the manufacturer's centralized site.