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strayer bus402 quiz 9




Question;?;Question;1;2 out of 2 points;The heart of TQM is;Answer;?;Question;2;2 out of 2 points;The implementation of TQM;can not succeed unless;Answer;?;Question;3;2 out of 2 points;When shopping for a;vendor, a small business owner should seek;Answer;?;Question;4;2 out of 2 points;The reorder point model;requires that the small business owner know;Answer;?;Question;5;2 out of 2 points;The small business gains;what advantage by selling on consignment?;Answer;?;Question;6;2 out of 2 points;A key element to Deming's;14 Points is;Answer;?;Question;7;2 out of 2 points;Total Quality Management;(TQM);Answer;?;Question;8;2 out of 2 points;The primary objective of;the purchasing function is to;Answer;?;Question;9;2 out of 2 points;Small business people;need to remember that;Answer;?;Question;10;2 out of 2 points;Holding or carrying costs;include the costs of;Answer;?;Question;11;2 out of 2 points;A danger of an excessive;investment in inventory for the small business is;Answer;?;Question;12;2 out of 2 points;Many small businesses;build a(n) ________, or cushion, into their inventories in case demand runs;ahead of the anticipated usage rate.;Answer;?;Question;13;2 out of 2 points;The basic reorder point;model assumes that;Answer;?;Question;14;2 out of 2 points;F.O.B. seller;means that;Answer;?;Question;15;2 out of 2 points;is the right to;ownership of property and, for a small business owner, determines who has;responsibility for ownership.;Answer;?;Question;16;2 out of 2 points;Store owners and;employees may apprehend and charge a shoplifter;Answer;?;Question;17;2 out of 2 points;A physical inventory;count should be taken at least;Answer;?;Question;18;2 out of 2 points;Combining ________ with a;POS system gives a small business owner a state-of-the-art checkout system;and further extends the abilities of the POS system in the information it;provides the owner.;Answer;?;Question;19;2 out of 2 points;A form of inventory;management used in manufacturing that stresses a harmonious relationship with;suppliers is;Answer;?;Question;20;2 out of 2 points;A retail version of;Just-In-Time inventory control is called;Answer;?;Question;21;2 out of 2 points;The inventory turnover;ratio is computed by;Answer;?;Question;22;2 out of 2 points;C" items, in;an ABC analysis;Answer;?;Question;23;2 out of 2 points;A firm's;expresses the number of times per year the business sells all of its;inventory.;Answer;?;Question;24;2 out of 2 points;The most common method of;controlling inventory in a small business is the ________ system.;Answer;?;Question;25;2 out of 2 points;Just-In-Time;inventory control techniques are most successful in what type of environment?;Answer;?;Question;26;2 out of 2 points;system enables;business owners to track their inventories and to place orders with vendors;quickly and with few errors by linking them to their vendors electronically.;Answer;?;Question;27;2 out of 2 points;Effective management of;inventory begins with;Answer;?;Question;28;2 out of 2 points;Employers can reduce;employee theft through;Answer;?;Question;29;2 out of 2 points;For most retailers and;wholesalers, the investment in ________ is the largest capital outlay next to;payroll.;Answer;?;Question;30;2 out of 2 points;The purpose of ABC;inventory analysis is;Answer


Paper#54526 | Written in 18-Jul-2015

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