In a floating location system:
I. goods are stored wherever there is appropriate space for them.
II. the same SKU may be stored in several locations at the same time.
III. an accurate and up-to-date information system is required.
IV. the system is appropriate for all warehouses.
A) I, II, III and IV
B) I, II and IV only
C) II, III and IV only
D) I, II and III only
E) None of the above is true.
D
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Which of the following is a mechanism that contributes to a measurement-managed company's success?
A. Using mostly "soft" objectives that are not quantifiable. B. Measuring activities of all types. C. Developing the measurement systems without interference from employees. D. Trusting in informal feedback systems. E. Developing alignment between individual, unit, and strategic performance.
The text suggests that a channel captain should be a
A. market-oriented producer. B. large retailer. C. strong wholesaler. D. Any of these-whoever can provide leadership-might be a channel captain.
A prescription drug is one that:
a. has serious side effects b. is expensive c. requires insurance to purchase d. may only be used with the permission of a physician e. may be purchased by anyone
Exhibit 15-7On January 1, 2016, 70 executives were granted a performance-based share option plan that would award them each a maximum of 300 shares of $5 par common stock for $12 a share based on the increase in sales over the next three years. The fair value per option on the grant date was $16. The award table is as follows: Increase in Sales No. of Shares 10% 100 15% 200 20% 300 The company estimates that the sales increase will be 22% and that the annual employee turnover rate will be 2%. ? Refer to Exhibit 15-7. In 2017 the actual sales increase was determined to be 18%, and the overall turnover rate was exactly 2%. The compensation expense for 2017 is (to the nearest dollar)
A. $210,828. B. $140,552. C. $70,276. D. $35,138.