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NEW QUESTION # 144
Shutdown Work Ratio is defined as the:
Answer: B
NEW QUESTION # 145
Which inventory system requires regular physical inventory counts?
Answer: A
Explanation:
Both the periodic and the perpetual inventory systems require regular physical inventory counts. In the periodic inventory system, the physical count occurs at the end of the accounting period. It is necessary for the calculation of cost of goods sold and the matching of physical count to inventory balance. The perpetual inventory system requires a physical count to identify inaccuracies in the perpetual records.
Employee theft and shoplifting can result in inventory inaccuracies.
NEW QUESTION # 146
Which of the following would be classified as a logistics function in a management information system?
Answer: B
Explanation:
Inventory management would be classified as a logistics function in a management information system.
Management information systems aggregate the information obtained by transaction processing systems and then report it to middle managers. There are six primary functions in a management information system: accounting, finance, manufacturing, logistics, marketing, and human resources. The accounting functions include the general ledger, accounts receivable, payroll processing, accounts payable, tax accounting, and fixed asset management Finance functions include capital budgeting, cash management, and operational budgeting. Manufacturing functions include cost control, quality control, and production planning. Logistics functions include transportation planning and inventory management. Working functions include forecasting and sales analysis. Human resources functions include employment level planning, payroll projections, benefit obligations projections, and employee evaluation tracking.
NEW QUESTION # 147
Of the choices below, which is the best way to evaluate the effectiveness of a Safety Program?
Answer: D
NEW QUESTION # 148
Which of the following is least likely to be linked to Maintenance and Reliability process improvements?
Answer: B
NEW QUESTION # 149
......
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