Which of the following best describes the term "externalities"?
A) money that firms set aside to give away to society
B) taxes that firms pay
C) unintended consequences of profit-seeking activities
D) unexpected external causes that hinder successful business transactions
C
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Which type of supply chain collaboration methods includes the vendor obtaining the buyer's current sales, demand, and inventory data in real time and replenishing the buyer's inventory?
a. Continuous Replenishment (CRP) or Vendor Managed Inventory (VMI) b. Collaborative Forecasting and Replenishment (CFAR) c. Collaborative Planning, Forecasting and Replenishment (CPFR) d. None of the above
Which of the following companies would LEAST likely form sales territories?
A. Proctor & Gamble B. Hewlett Packard C. Century-21 Real Estate D. Anheuser Busch E. McGraw-Hill Publishing
In the Monte Carlo process, values for a random variable are generated by sampling from a(n) ________
Fill in the blank with correct word.
Consider the data on Inventory of Widgets Over a 10-Day Period. Any time that ending inventory falls to 15 or below, an order is placed for 20 units of the product. The lead time for delivery varies and is shown in the column under Lead Time. If the cost of holding inventory amounts to $7 per widget per day, what are the total inventory costs during the 10-day period?
a. $805
b. $115
c. $7
d. $122