Distinguish between first-tier and second-tier suppliers in a supply chain and provide an example
What will be an ideal response?
Answer: First-tier, second-tier, and any subsequent steps are measured relative to their position from a common point in the supply chain. All companies at a level (call it A) receive inputs from their first-tier suppliers (level B). These first-tier suppliers (at level B) in turn receive their inputs from their own first-tier suppliers (level C). These companies (level C) are considered second-tier suppliers of the companies at level A. Both tiers are upstream from level A, but level B is downstream from level C. Examples will vary.
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At the end of the current period, a company reported $725,000 in net credit sales and $100,000 in ending accounts receivable. Calculate this company's days' sales uncollected at the end of the current period.
What will be an ideal response?
The market leader should look for new customers or more usage from existing customers
Indicate whether the statement is true or false
What is the key to creating a base-level product, system, or service and then quickly making variations (good, better, best)?
a. A strong, flexible product line architecture b. A very rigid product line architecture c. Multiple modules with different functions d. Ensuring that product parts have single purposes for specific products
At the borders of the U.S., customs officials can lawfully conduct a "strip" or "skin" search
a. searches near the border, or places of entry to the United States, are exempt from the general requirements of probable cause b. if the suspect conforms to a drug carrier's profile, acts nervously, and wears bulky clothing a search can be conducted. c. if there is a "clear indication" that the suspect is guilty of a crime involving contraband a search can be conducted. d. All of the above