Which one of the following statements about inventory control systems is BEST?
A) A single-bin system is essentially a P system, with the target inventory and current inventory position established visually.
B) A base-stock system minimizes ordering and setup costs by placing orders more infrequently.
C) The base-stock system is mostly used for inexpensive items because it maximizes cycle inventory costs.
D) Visual systems are intended for use with high-value items, such as jet engines, that don't experience a steady demand.
A
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Generally, before Accounts Payable is debited, it is credited
Indicate whether the statement is true or false
The Discounted Payback Period in B9 will be ___________ the Payback Period in B7.
a) less than
b) equal to
c) greater than
d) Could be any of the above
e) None of the above
When prices determine how social interactions between people are formed it is known as ______.
A. market control B. clan control C. performance ambiguity D. bureaucratic control
One of the problems associated with self-regulation is
A. the intrusive enforcement by the FTC. B. the absence of an industry association with persuasive power. C. noncompliance by members. D. the opportunity corporate for espionage by competitors. E. the lack of a written code of ethics by firms in the industry.