AGBTest3
What is the projected demand of employee for your company if your regression estimates show that the intercept is 326.5874, coefficients for productivity and sale are - 24.086 and 0.0740; and the estimated sale for 2008 is 4,446 (in thousands) and the estimated productivity is 12.52 units per employee:
355
A food retailer receives an invoice of $1000 from a vendor offering a cash discount of 2/10 net 30. His opportunity cost of foregoing cash discount is
36.7% 20/(980*20/360)
Insurance
C - holding
Pilferage
C - holding
Rental expenses for fork lift on lease
C - holding
Spoilage of semi-finished products
C - holding
depreciation of fork lift
C - holding
lights and air conditioning of the warehouse
C - holding
sampling and inspecting at the dock
O - Ordering
advertising for bidding
O - ordering
finding a vendor
O - ordering
preparing purchase orders
O - ordering
Following McGregor, which of the following would not belong to Theory Y?
Ordinary people dislike work; depending on the condition work may be source of satisfaction or punishment
Which one does not belong in the following list as a method of projecting manpower for the organization
Regression analysis
Which one does not belong in the list while projecting manpower for the organization
Regression analysis
Five components of purchasing plan include the following except
Right demand
A company's supply chain involves the flow of materials and information from supplier, through production, to the end users.
True
firms with large number of low value items use:
Visual inventory control
Which of he following is an example of violation of the right of freedom of conscience in a workplace environment
a superior coerces and employee to use unsafe practices to keep a project on scheduele
According to the Pareto law:
about 80 percent of the value of the firm's inventory comes from about 20 percent of items kept in stock
Equal Employment Opportunity
all of the above
which one of the following is correct
at EOQ the total handling cost is equal to total ordering cost
a successful total quality management (TQM) program incorporates all of the following except
centralized decision-making authority
something you would not expect to see in a just-in-time work environment
clutter
the major purpose of safety stock is to
control the likelyhood of a stockout due to the variability of demand during leadtime
which of the following is not included in the trait method of performance appraisal
critical incident method
Halo error is
employee receives same rating on all dimensions
In supply chain organizations, functions must operate independently of each other.
false
managing supply chain visibility involves amking sure that potential supply chain partners are aware of you organization's needs.
false
one disadvantage to RFID is that is requires a clear "line of sight" to operate
false
the materials in the supply chain flow toward the end of the chain, while the information ans the dollars move toward the beginning of the chain
false
Funcitonal managers are responsible
for single area of activity
which of the following is not a benefit of RFID
frequent deliveries of smaller shipments
the more _________ a company' supply chain, the more difficult it is to ensure that the supply chain is managed efficiently
global
Organizational structure primarily refers to
how activities are coordinated and controlled
if the goals of JIT partnerships are met, which of the following is a result?
in-transit inventory falls as suppliers are located closer to facilities
which of the following does not influence external sources of labor supply
increase in worker productivity due to new training program
which of the following would not usually be a main factor in selecting a vendor
inventory turnover
which of the following best describes job design
it is the process of defining the way work will be performed and the tasks that a given job requires
the time between order placement and the receipt is called
lead time
which of the following is not true
office memos are a good examples of communication channel with very high channel richness
the purchasing perspective of the supplier as a partner is characterized by
one or a few suppliers
In context of human resource management, human capital refers to the
organization's employees, which add economic value to the company
which one of the following is not one of the methods of determining internal supply of employees
population mobility
the purchasing cycle begins with
receiving a requisition
Montero Inc., an agriculture equipment manufacturing company, had the largest number of employees in the manufacturing sector last year. Instead of hiring more employees, the company decided to invest heavily in training its employees on automotive maintenance and design. Which of the following beliefs has led the company to take this decision?
the employees are the source of company's success or failure
Craig, one of the senior managers at Clayton Inc., insisted that company supervisors handle employee relations as part of their jobs. Which of the following statements strengthens Craig's argument?
the supervisors represent the company on a day-to-day basis
at the economic order quantity (EOQ):
the total holding cost of inventory is equal to the total ordering cost
most inventory models attempt to minimize
total inventory based costs
RFID eliminates the need for counting and bar-code scanning
true
every business organization is part of at least one supply chain
true
the goal if supply chain management is to synchronize supply chain and demand of all of the organization that are a part of the supply chain
true
using third party fulfillment means losing control of flfillment
true
"360 degree feedback" techniques is
use a group of raters including supervisors, coworkers, customers, and the individual him/her self
examination of the sources of supply for purchased parts or materials in order to improve performance is called
vendor analysis
which one of the following is not a specific perpetual inventory control method
Economic Order quantity
Nicole, an employee at Neo Food Corp., develops and distributes newsletters that announce upcoming events in the company. Which of the following human resource management (HRM) practices is being performed by Nicole?
Employee relations
which of the following is true of ethics in human resource management (HRM)
HR managers must view employees as having basic rights
Daniel, the director of operations at ADM, strongly believes that human resource management (HRM) is critical to the success of organizations. Melissa, the CFO of the organization, opposes Daniel's view because she thinks HRM is an unnecessary expense for the company. Which of the following statements weakens Melissa's belief?
HRM is indispensable for building a competitive advantage
which of the following responsibilities is specifically associated with the HR function of support for strategy
Human resource planning and forecasting
which of the following refers to the process of getting detailed information about jobs
Job analysis
the concept of total quality management is called _________ in Japanese?
Kaizen
