Which of the following is not one of the main logistics functions discussed in the textbook?
A. Managing inventories
B. Purchasing
C. Warehousing
D. Materials management
E. Sales promotion
Answer: E
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Department A had 4,000 units in work in process that were 60% completed as to labor and overhead at the beginning of the period, 29,000 units of direct materials were added during the period, 31,000 units were completed during the period, and 2,000 units were 80% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in,
first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was: A) 30,200 B) 29,800 C) 33,800 D) 33,000
You have just put $5,000 into an investment that offers a 10% annual yield, with interest compounded annually. Your total interest earned after two years will be
A) $550. B) $1,000. C) $1,050. D) $1,100.
Nell's debt to Olsen is past due. Olsen obtains an order of garnishment to require Nell's employer Pro Transmission Service, Inc, to pay part of Nell's paycheck to Olsen. The law A) limits the amount that can be taken from Nell's take-home pay
B) permits Olsen to dismiss Nell because her wages are garnished. C) practically does not allow Olsen to collect the awarded amount. D) requires Pro to retain Nell as an employee until the debt is paid.
Which of the following companies used benchmarking to achieve an order-shipping accuracy of 99.9 percent?
A) Ford Motor Co. B) L.L. Bean C) GE Aviation D) Nike E) 1-800-Flowers