Inspection time for a plant is 10,000 hours per year. The cost of inspection consists of salaries of four inspectors, totaling $60,000. Inspection also used supplies costing $3 per inspection hour. The company has a close to zero defect state and has eliminated the need for any inspection activity. Calculate the nonvalue-added cost of inspection per year
A) $30,000
B) $60,000
C) $90,000
D) $120,000
C
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Marketers use cause-related marketing for the following reasons, except:
A) help develop stronger brands B) help move consumers toward brand loyalty C) encourage consumers to switch brands D) increase the level of brand parity
A nonprofit board hired a consultant to help the directors identify new ways to improve organizational performance. According to Chait, the board is operating in what type of mode?
A. strategic B. fiduciary C. evaluation D. generative
A retailer reduces its invoice by 5 percent since a supplier shipped seasonal merchandise 10 days late. The price reduction is designed to compensate the retailer for additional markdowns. This reduction illustrates a _____
a. markdown adjustment b. slotting allowance c. slotting fee d. chargeback
On scheduled property coverage evidence of worth need be supplied only after the loss
Indicate whether the statement is true or false