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1 year ago

Which of following is a TRUE statement about inventory within a continuous review system?

Business

1 answer:

garri49 [273]1 year ago

5 0

Answer:

c. When ordering or setup costs increase, Economic Order Quantity increases

Explanation:

In inventory there are two types of review systems used to replenish stock, the periodic inventory and continuous inventory.

Continuous inventory involves ordering the same quantity of a good in each order. However the rate at which goods are replenished varies based on monitoring of level of goods. Orders are made when inventory gets to a certain level.

In this instance when there is an increase in ordering or setup there needs to be allocation of a higher amount for orders. The additional cost is added to the economic order quantity

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Joan has entered into a contract with the federal government to design a computer simulation model for training helicopter pilot

balu736 [363]

Answer:

The correct answer is letter "A": cost-based pricing strategy.

Explanation:

Cost-based pricing strategy is one of the most basic methods of setting the price of a product consisting only in determining the fixed price of the good or service at first and, after obtaining that amount, adding a percentage according to what the profits are expected. The selling price of the product becomes the sum of the fixed costs and the percentage of the fixed costs expressed un dollar amounts (or the currency that applies).

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1 year ago

Suppose you are an operations manager for a plant that manufactures batteries. Give an example of how you could use descriptive

Tatiana [17]

Please find full question attached

Answer:

Inferential statistics

Descriptive statistics

inferential statistics

descriptive statistics

Descriptive statistics

Inferential statistics

Explanation:

Descriptive statistics describes data and gives us a picture of what the data summary looks like using such things as mean and central tendency measures. Inferential statistics on the other hand aims to make predictions using the data based on data analysis such as collecting sample from population and constructing hypotheses to estimate outcomes for the general population. Example in the question, the first is inferential statistics as we make generalized predictions on batteries using data samples from the population of batteries of a particular type.

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1 year ago

Which of the following generational groups is most likely to represent the present owners of cottages surrounding Witmer Lake?A)

yawa3891 [41]

I think it’s d but try to search it D

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1 year ago

Which of the following statements is true of sampling error? Group of answer choices It occurs when a sample somehow does not re

ludmilkaskok [199]

Sampling error occurs when a sample somehow does not represent the target population.

Answer:

Statement (A) is true

Explanation:

Sample means a small group selected from a large group.The large group from which a sample is selected is called the population.Basically a sample is selected to draw conclusions regarding population because it is not possible to study the entire sample.But if sample sample does not represent the target population then our conclusions will not be accurate.This will give rise to sampling errors.

If occurs when sample is biased.So we need to be very careful while selecting a sample.It must represent the entire population not just a part of population.

Sampling error can be reduced by increasing the size of population,dividing population in groups,select appropriate population.

Sampling error occur when population is not correct as per our requirement,or when sample is selected randomly.It may also occur when sample selected does not respond ,at that time it becomes difficult to draw conclusions regarding population.

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1 year ago

For many years, Senator Juliana Higdon has called for more government regulation of business. "After all," the senator said rece

4vir4ik [10]

Answer:

From these comments, it is clear that Senator Higdon does not accept the "invisible hand" idea brought forth by Adam Smith.

Explanation:

Senator Jimmy Higdon is himself a businessman by profession and bears immense knowledge of the market and its functioning.
The ideology that Senator Higdon seems to believe in is that of apparent factors that run the business and cause it to earn profit which eventually culminates in the fulfillment of other activities associated with the business.

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2 years ago