Minimizing I when praising others to a good way to ensure that your message is
a. selfless.
b. spontaneous.
c. sincere.
d. specific.
Ans: a. selfless.
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Wages Payable was $350 at the end of October and $280 at the end of November. Wages Expense for November was $2,000. How much cash was paid for wages during November?
A) $1,930 B) $2,630 C) $2,070 D) $1,370
In evaluating the performance of a profit center manager, the manager
a. and the sub-unit should be evaluated on the basis of the same costs and revenues. b. should only be evaluated on the basis of variable costs and revenues of the sub-unit. c. should be evaluated on all costs and revenues that are controllable by the manager d. should be evaluated on all costs and revenues that can be directly traced to the sub-unit.
If we are ordering materials from an outside vendor, then the total inventory-related cost on an annual basis is given by the sum of ______.
A. total annual ordering cost, total annual holding cost, total annual stock-out cost, total annual materials purchase cost B. total annual setup cost, total annual holding cost, total annual stock-out cost, total annual materials purchase cost C. total annual ordering cost, total annual holding cost, total annual safety stock cost, total annual materials purchase cost D. total annual setup cost, total annual holding cost, total annual safety stock cost, total annual materials purchase cost
A firm that is presently using the economic order quantity model and is planning to switch to the economic production lot size model can expect
a. the Q* to increase. b. the maximum inventory level to increase. c. the order cycle to decrease. d. annual holding cost to be less than annual setup cost.