Answer:
Kanban container size = 52 units
Number of kanbans needed = 8
Explanation:
As per the data given in the question,
Calculation for Economic Production Quantity :
Q^2 = 2 × Annual demand × Setup cost ÷ (Annual holding cost ×(1 - (daily demand ÷ daily production)))
Q^2 = 2 × 20,000 × 20 ÷ ($400 × (1 - (80 ÷ 320)))
Q^2 = 800,000 ÷ 300
Q = Kanban container size = 52 units
Number of kanbans needed = ( Demand during lead time+safety stock ) ÷ container size
= ((5 × 80) + 50) ÷ 52
= 8.65
= 8 kanbas
Answer:
b. False
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.
The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America.
There are special rules known as the special business standards that are set up by UCC governing the merchants and the sales of goods in the Article 2 of the uniform commercial code.
According to UCC, if a seller under a contractual agreement with a buyer fails to deliver goods, the buyer is permitted by law to purchase other goods to substitute for those due under the contract, and can still sue the seller for any consequential damages.
A substitute product can be defined as a product that a consumer sees as an alternative to another product and as such would offer similar benefits or satisfaction to the consumer.
Answer: c. Premarket testing
Explanation:
Premarket testing is usually performed before a certain product is brought to the market in order to determine customers satisfactions and whether they will use the products again.
Your client's investment portfolio is 50% growth stocks, 10% foreign stocks and 40% blue chip stocks. If the client is interested in further diversification which mutual fund would best meet that goal? Aggressive growth fund. Emerging market fund.
Answer:
Option (c) is correct.
Explanation:
Given that,
Price elasticity of supply for cheese = 0.6 in the short run
Price elasticity of supply for cheese = 1.4 in the long run
If an increase in the demand for cheese causes the,
Price of cheese to increase by 15%
In short run,
Price elasticity of supply for cheese = Percentage change in the quantity supplied ÷ Percentage change in the price
0.6 = Percentage change in the quantity supplied ÷ 15
0.6 × 15 = Percentage change in the quantity supplied
9% = Percentage increase in the quantity supplied
In long run,
Price elasticity of supply for cheese = Percentage change in the quantity supplied ÷ Percentage change in the price
1.4 = Percentage change in the quantity supplied ÷ 15
1.4 × 15 = Percentage change in the quantity supplied
21% = Percentage increase in the quantity supplied
