Which of the following is true regarding JIT systems?
A. JIT requires suppliers to respond to very short order lead times and the customer's production schedule.
B. JIT usually entails less frequent deliveries.
C. JIT requires manufacturers to add new warehouses.
D. Manufacturers must locate their facilities next to important customers in order to practice JIT.
E. JIT systems do not have backup inventory.
Answer: A
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An express warranty is a written guarantee that assures the buyer that he or she:
A) is getting what he or she desired. B) will be able to get express response if any defects are found. C) is getting what he or she has paid for. D) will be able to contact the manufacturer whenever needed. E) has limited time for filling out information required by the manufacturer.
Punitive damages are recoverable for breach of contract.
Answer the following statement true (T) or false (F)
Carefully explain 'poison pills' as an anti-takeover tactic.
What will be an ideal response?
Ad-on International is an advertising company. It estimated the overhead costs for March, 2014, to be $950,000 and direct labor hours to be 5,000 hours. In March, it incurred overhead costs of $1,150,000 and 5,100 labor hours. The amount of overhead costs applied by the company in March, 2014, is:
A) $969,000. B) $1,150,000. C) $950,000. D) $1,173,000.