In the EOQ model, if the size of order increases, the ________. A) carrying cost will increase B) order cost will remain unchanged C) order cost will increase D) storage cost will decrease ANSWER A
Date: September 19th, 2020
The ________ is an inventory management technique that compares production needs to available inventory balances and determines when orders should be placed for various material inputs. A) ABC system B) EOQ model C) MRP system D) JIT system ANSWER C
Date: September 19th, 2020
According to the Absolute Priority Rule (APR), the correct descending order of claim priority is: a. administrative claims; statutory priority claims; secured creditors’ claims; unsecured creditors’ claims; equity claims. b. equity claims; administrative claims; statutory priority claims; secured creditors’ claims; unsecured creditors’ claims. c. statutory priority claims; administrative claims; secured creditors’ claims; unsecured creditors’ claims; […]
Date: September 19th, 2020
In debt restructuring, all debt claimants must agree on the reassignment of debt claims, but one or more claimants has an incentive to wait for a better deal. This is known as the problem. a. holdout b. instigation c. concession d. compromise ANSWER A
Date: September 19th, 2020
The ________ is an inventory management technique that minimizes inventory investment by having materials inputs arrive at exactly the time they are needed for production. A) ABC system B) FIFO method C) MRP system D) JIT system ANSWER D
Date: September 19th, 2020
A computerized inventory system that simulates needed materials requirements for the finished product, and then compares production needs to available inventory balances to determine when orders should be placed is the ________. A) basic economic order quantity system B) materials requirement planning system C) just-in-time system D) red-line method ANSWER B
Date: September 19th, 2020
In Chapter 11, the court has two mechanisms to implement an optimal bankruptcy outcome: a. the right to extinguish any claim, and the use of a restricted auction. b. the right to extinguish any claim, and restrictions on bargaining between claimants. c. restrictions on bargaining between claimants, and the threat of fines. d. restrictions on […]
Date: September 19th, 2020
The philosophy of the ________ is that a firm would have only work-in-process inventory. A) basic economic order quantity system B) materials requirement planning system C) just-in-time system D) LIFO method ANSWER C
Date: September 19th, 2020
Inventory items that belong in the A category include ________. (See Table 14.4 ) A) Items 4 and 6 B) Items 1 and 7 C) Items 3 and 9 D) Items 1 and 8 ANSWER A
Date: September 19th, 2020
The economic order quantity (EOQ) is the order quantity which minimizes ________. A) the order cost per order B) the total inventory costs C) the carrying costs per unit per period D) order quantity in units ANSWER B
Date: September 19th, 2020
