18eded lo use a level strategy, keeping the number of employees constant, to keep employee goodwl. Ed's will use all of the following EXCEPT OA layoffs. OB overtime/undertime Oc. anticipation inventory OD. backorders
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- Suppose the newsvendor model describes a firm’s operations decision. Is it possible to havepositive stockout probability and positive expected leftover inventory? Choose the best answer. a. No. If there is leftover inventory, then a stockout doesn’t occur.b. No. If the stockout probability is positive, then expected inventory must be negative.c. No. Actual demand can differ from sales.d. Yes. A firm does not stock out and have leftover inventory at the same time, but the stockout probability can be positive even though there is positive expected leftover inventory.e. Yes, as long as the underage cost is greater than the overage cost.From the following; refers the term "Inventory" O a. Materials in stock O b. Forecast value of a product O C. Actual demand of a product o d. Difference between actual value and demand voalueThe quantity consumed or patronage—store visits—during a specific period is called A. trial. B. service inventory. C. usage rate. D. consumption rate. E. turnover.
- Demand forecasting and planning is not a part of inventory management function. Select one : 1.True 2.FalesThe definition of work-in-process (WIP) inventory is: Select one: a. An end item ready to be sold, but still an asset on the company's books. b. Products or components that are no longer raw materials but have not yet become finished products. c. Materials for maintenance, repair and operation. d. Materials that are normally purchased but have not yet entered the manufacturing process. and. Additional stock to allow for uneven demand; a buffer.at is the inventory turnover for last year? is at is is oved More Info Sales Cost of goods sold Gross margin Other expenses Net income Finished goods inventory Work-in-process inventory Raw material inventory Total inventory (average for year) Other current assets Other assets Total assets LAST YEAR $244,000 118,000 126,000 Done 51,000 75,000 0 2,000 9,500 4,000 15,500 90,000. 200,000 305,500 . THIS YEAR $257,000 130,000 127,000 51,000 76,000 4,500 12,000 5,500 22,000 109,000 244,000 375,000 - X
- PA 13-9 (Algo) CPG Bagels starts the day with a large production... CPG Bagels starts the day with a large production run of bagels. Throughout the morning, additional bagels are produced as needed. The last bake is completed at 3 p.m. and the store closes at 8 p.m. It costs approximately $0.25 in materials and labor to make a bagel. The price of a fresh bagel is $0.60. Bagels not sold by the end of the previous day are sold the next day as "day old" bagels in bags of six for $0.99 a bag. About two-thirds of the day-old bagels are sold; the remainder are just thrown away. There are many bagel flavors, but for simplicity, concentrate just on the plain bagels. The store manager predicts that demand for plain bagels from 3 p.m. until closing is normally distributed with a mean of 51 and a standard deviation of 25. Use Table 13.4. If a part of the question specifies whether to use Table 13.4, or to use Excel, then credit for a correct answer will depend on using the specified method. How…Which of the following are the basic requirements of any business? O a. Needs b. Pricing O C. Planning O d. ExchangeA. An example of an inventory carrying cost is: a. Ordering or setup cost b. Warehousing variable expenses c. Warehousing fixed expenses d. Item cost B. A “pull” production system is: a. Complex planning b. Control oriented c. Planning oriented d. Quality via inspection
- Help meReference: Company B is currently running on an average rate. It does not earn too much but it makes sales enough for maintenance, salaries, income, and savings. Its business process includes cleaning and maintaining, purchasing, and kitchen work. They train their staff to be all-around workers who can do multitasking. In terms of management, they only make use of the basics since it is the only strategy needed. Company B makes use of a traditional inventory wherein they manually count their stocks and money. There is a designated person for each task. For its supplies, they make use of the consignment method. In this case, they only have one supplier for liquors. For other supplies which are accessible, they usually buy from the wet market nearby. Overall, Company B is in this venture because of the owner's passion and love for food. 3 Problems seen in the situation: 1. It does not earn too much but it makes sales enough for maintenance, salaries, income, and savings. 2. Company B…13% Z 18:49 estions +Answers 2020.docx 4 The following statement/s about inventory management is/are correct: I. Managing inventory include, among others, physical stock counts on a cyclical basis. II. Up to date record-keeping on stock cards improved the ability to make good and timely decisions about stock ordering. III. The goal of inventory control is to have the highest possible volume of stock at facilities. A. I, Il and II B. I and II C. Il only D. None of the above. E. I and II In South Africa's public sector, the national medicine procurement and medicine selection functions are: I. Co-ordinated by the same committee II. Undertaken annually II. Supported by legislative framework A. III only B. I, Il and III C. I and III D. Il and III E. Il only 6 Which of the following inventory control models are associated with the highest inventory holding costs and require the highest stock levels: A. Scheduled purchasing (monthly intervals) B. Annual purchasing C. Perpetual purchasing D.…