Which of the following statements concerning push and pull inventory systems is false?
a. With the pull system of inventory production, goods are produced and stored as excess inventory until needed by the next work station or by the customer.
b. The pull system of producing inventory is the traditional approach.
c. Push system control production by producing inventory only as it is needed by the next work station.
d. All of the above statements are false.
d
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The American Tie Company, a necktie retailer, offers a deep assortment of men's neckties. The American Tie Company is best described as a(n) ________
A) department store B) supermarket C) specialty store D) discount store E) off-price retailer
Which of the following is an example of a period cost?
A) research and development B) selling and marketing C) general accounting D) all of these
A furniture manufacturer like Thomasville would be concerned with the producer price index because it
A. is related to the real gross domestic product. B. measures prices that manufacturers must pay for lumber and other raw materials used in the manufacturing process. C. tracks the cost of housing and transportation. D. is published daily. E. measures the effect of interest rates on the economy.
A sales allowance is recorded as a debit to Accounts Receivable and a credit to Sales Allowances.
Answer the following statement true (T) or false (F)