Efficient supply chains
A) respond quickly to demand.
B) have higher margins because price is not a prime customer driver.
C) maintain buffer inventory to deal with demand/supply uncertainty.
D) maximize performance at a minimum cost.
Answer: D
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Using templates in preparing reports
A) limits your creativity and makes your report look ordinary. B) is a sign of incompetence. C) ensures new content matches the rest of the wiki. D) is costly and time-consuming. E) usually makes reports more difficult to read.
Answer the following statements true (T) or false (F)
1. In most organizations, managers are often rewarded based on how well they meet the budget. 2. A production cost report cannot be used for the pricing of products because it depicts only the ways to control product costs. 3. A production cost report can help managers identify the most profitable products. 4. A production cost report helps managers identify the costs that can be reduced in the production process. 5. A production cost report provides inventory and cost of goods sold data that are needed for the balance sheet.
Gregor Inc. uses the LIFO cost-flow assumption to value inventory. Inventory for Gregor on January 1, 2018 was 100 units at a LIFO cost of $25 per unit. During the first quarter of 2018, 200 units were purchased costing an average of $40 per unit, and sales of 265 units at a retail price of $50 per unit were made.Assuming Gregor does not expect to replace the units of beginning inventory sold, what is the amount of cost of goods sold for the quarter ended March 31, 2018?
What will be an ideal response?
Swiss-based Nestlé has taken a global approach to marketing its chocolate products. Which of the following is most easily standardized?
A. Product B. Promotion C. Distribution D. Advertising E. Price