Answer:
True
Explanation:
As in the lean philosophy the production is based on specific customer demands, there are chances that when the order is received then the inventory required is not present and that the inventory is not held in hand.
Whereas in the traditional philosophy the production is based on the principle of budgets and sales forecast, accordingly the sales keeps on moving and the inventory is also held in hand prior to confirmation of order from customers.
Since there is no planning before the order is received from customers under lean, in emergency cases, or scarcity of resources, the inventory will fall short, and acquisition of inventory would not be easy.
Answer:
The correct answer is the option B: Quick response (QR)
Explanation:
To begin with, a <em>quick response inventory system</em> involves the intention of shorten the lead time from receiving an order to delivery of the products and increase the amount of cash flow. Moreover, this system focuses primarily in the reduction of the time that the stuff is stuck in the inventory in order to avoid the low stock rotation and in that way to try to increase the sales that the company has. And in that way the company can receive the merchandise in time in order to sale it or to use it for another product.
Answer:
The answer is: E) None of the above
Explanation:
Using an excel spreadsheet and the RATE function, we can calculate the monthly interest rate of renting the TV:
=RATE(36,-60,1000)
= 4.94% monthly interest rate
Then we multiply the monthly interest rate by twelve to get the APR:
APR = 4.94% x 12 = 59.3%
Answer: Nominal
Explanation:
When the Nominal measurement scale is used, it means the data was sorted into labels or names which is why it is sometimes referred to as Named data. For instance, sorting dogs in a park into their species i.e Husky, American Bull, German Shephard etc.
There is no quantitative value and usually there is no ordering method to this measurement scale.
The professor sorted her students according to their majors which in this case acted as labels so the Professor was using the Nominal measurement scale.
Answer: When we remove outliers from a data set, the sum total of all the values in the data set will decrease by the total value of outliers removed. The total number of observations will also decrease. The new mean will be lesser than the mean of the original data set.
Since the standard deviation measures the deviations from the mean, the outliers affect the value of standard deviation too.
When these outliers are removed, the deviations from the mean will also decrease and the standard deviation will be lesser than the standard deviation observed in the data set that had outliers.
