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
Which of the following is true of inventory level? A) A purchasing manager would purchase higher inventories when prices are low and lower inventories when prices are high irrespective of inventory requirement. B) A marketing manager would like to have smaller inventories of finished products to ensure production of goods as per customer specification. C) […]
Date: September 19th, 2020
Which of the following is true of maintaining appropriate inventory levels? A) A financial manager’s general disposition toward inventory levels is to keep them low. B) A marketing manager would like to have low inventories of a firm’s finished products. C) A manufacturing manager would keep raw materials inventories low for the sake of lower […]
Date: September 19th, 2020
Targeted stock, also known as tracking stock or letter stock, is a class of common stock of a diversified company that is a. linked to the performance of a particular business unit or division. b. senior to other classes of the firm’s common stock. c. convertible into the stock of an independent target company. d. […]
Date: September 19th, 2020
In an equity carve-out, the parent of a multiple-subsidiary firm issues equity claims against a particular subsidiary via a a. private placement. b. pro-rata distribution to the parent’s current stockholders. c. public offering. d. unit distribution. ANSWER C
Date: September 19th, 2020
When maintaining appropriate inventory level, a purchasing manager should ________. A) keep the inventory level low, to ensure that the firm’s money is not being unwisely invested in excess resources B) ensure that all orders could be filled quickly, eliminating the need for backorders due to stockouts C) implement the production plan to acquire the […]
Date: September 19th, 2020
