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