Zach decided to incorporate his business under the name of "Zamm." In addition to "Zamm," the Model Act requires that Zach include one of the following words: "corporation," "incorporated," "limited," or "company" or an abbreviation thereof
a. True
b. False
Indicate whether the statement is true or false
True
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The goal of global leadership development is to
A. tick off the boxes so that management will recognize your skills. B. build language fluency. C. build allies and networks in the firm where your skills are recognized. D. obtain the variety of transformational experiences that are needed to develop global leadership capability.
Which of the following is best used to plot data to illustrate how information changes over time?
a. a PERT diagram b. a bar chart c. a graph d. a pie chart e. an annotated table of numbers
An inventory turnover ratio of 8.5 times indicates that:
A. the inventory of the firm turns over every 8.5 days. B. the value of the inventory of the firm is 8.5 percent of the total assets of the firm. C. the value of sales of the firm is 8.5 times the cost of goods sold. D. the firm will restock its inventory every 42.35 days. E. the firm pays for its inventory once in 42.35 days.
Determine the optimal shortage level
A company distributes repair parts for high-end appliances. The annual demand is 81,000 and the company operates 300 days per year. The annual carrying cost is 20% of the item cost, which is $500. The ordering cost is estimated at $60 and the shortage cost is $150.