The measure of production that considers historical and estimated future production levels and cyclical fluctuations is referred to as:
a. theoretical capacity
b. practical capacity
c. normal capacity
d. expected capacity
C
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JSE Securities Exchange is the largest stock exchange in Africa. The JSE provides a market where securities can be traded freely under a regulated procedure. The company acts as an intermediary between the traders. JSE is an example of a(n) ________
A) internal broker B) infomediary C) customer community D) market maker E) third party arbitrator
Sentra Sporting Company sells tennis rackets and other sporting equipment. The purchasing department manager prepared the inventory purchases budget. Sentra's policy is to maintain an ending inventory balance equal to 15% of the following month's cost of goods sold. January's budgeted cost of goods sold is $70,000. October November December Budgeted cost of goods sold60,000 40,000 50,000 Plus: Desired ending inventory6,000 ? ? Inventory needed66,000 ? ? Less: Beginning inventory9,000 ? ? Required purchase (on account)57,000 ? ? What is the amount of ending inventory that the company will report on its pro forma balance sheet?
A. $35,300 B. $7,500 C. $10,500 D. $60,500
Relying on field sales personnel to provide estimates of customer needs is referred to as which type of qualitative forecasting technique?
a. Consumer surveys b. Delphi method c. Jury of executive opinion d. Sale force estimates
Defects are caught and corrected where they were created under a(n) ________ philosophy
Fill in the blanks with correct word