Level production methods smooth production schedules and utilize manpower and equipment more efficiently than seasonal production methods. TRUE/ FALSE
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Level production methods smooth production schedules and utilize manpower and equipment more efficiently than seasonal production methods.
TRUE/ FALSE
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- Which of the following are the basic requirements of any business? O a. Needs b. Pricing O C. Planning O d. ExchangeWhich of the following statements are true or false? 1.1 One of the objectives of purchasing and supply chain management is to maintain an optimum balance of inventory that would ensure the desired level of customer service while increasing costs. 1.2 Supply management has a major impact on the net income of the firm because it increases input costs and reduces sales revenue 1.3 The purchasing and supply function of a firm operates independently from the other enterprise functions. 1.4 Supply Management is the process of planning, organising, coordinating and controlling all the resources of the firm effectively and efficiently in order to attain the objectives of the firm as determined by management. 1.5 Strategic plans formulated at top management of purchasing and supply management are implemented or executed at top level management 1.6 In decentralized purchasing structures negotiating power is increased and volume discounts are made possible. 1.7 Steps of the strategic…Based on the data presented below, which one of the following statements is true? Product X Product Y average total units total average sales price sold sales price revenue 2012 $10 200 $150 $10 2013 $11 190 $180 $12 2014 $10 250 $225 $15 A. Demand for product X is price inelastic. B. Demand for product Y is price inelastic. O C. Product X and Product Y are complements. O D. Product X and Product Y are substitutes. O E. Both A and C.
- Company XYZ is strictly a service company and does not carry any inventory on its balance sheet. Based on this, which of the ratios below will be of no interest to a financial analyst? Quick Ratio Current Ratio Debt to Equity Ratio Cash Coverage RatioThe basic idea of a business that explains which customer needs will be met, how the functions and operations will be organized, and how money will flow in and out is called a business model. True or FalseThe advantage of break-even analysis is that it offers a quick estimate of how much the firm must sell to break even and how much profit can be made if a higher sales volume is obtained. O True O False
- Which of the following is not a suitable condition to hire the subcontractor? a. The firm wish to outsource its non-core activities. b. The firm is experiencing excess capacity. c. The firm is lacking the technical know-how to execute the jobs. d.The firm is not efficient in performing the tasks.A company can keep itself flexible by following a arises. Multiple Choice Non-equity, high-investment plan Non-equity, low-investment plan High-resource commitment plan Low-resource commitment plan which allows the firm to switch partners or exit the market altogether if the needA. You are thinking about opening an oil change shop. Your fixed costs will be $13,000 per month. You will charge customers $28 for a lube-oil filter. The cost of materials is in addition to your fixed costs and is estimated at $8 per customer. How many customers must you have each month in order to break even? Hint: "Break Even" means revenues equal expenses, so we could say "fixed costs+variable costs=revenues" B. If your shop is open an average of 25 days each month., how many customers do you need each day to break even? Answer for a: 650 customers Answer for b: 26 customers per day please help me set up the equation needed to solve and get the correct answer.
- in process costing, converting production to equivalent units results in: A. A more precise understanding of costs to account for. B. Better reflects the number of units in inventory, regardless of degree of completion. C. More accurate inventory valuations. D. A more accurate valuation of raw materials only.Give typed full explanation [Blank] is defined as the period of revenue growth in the life cycle of target industry when the slope of the revenue growth is increasing. In the United States, the economy is dominated by [blank] businesses.The determinants of profitability are cost, design, profitability and quality O a. False O b. True