First of all a meeting at which local members of a political party register their preference among candidates running for office or select delegates to attend a convention. Depending on the party, the caucuses could last from 2 to 3 hours. This caucuses <span>generally begin in either late-January or early-February, and ending about mid-June before the general election in November. </span>
Answer:
True.
Explanation:
Under a just-in-time inventory system, a company can reduce the amount of working capital it needs to finance inventory, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.
In Business management, Just-in-time (JIT) is an inventory management method used by a company wherein goods, products, components, and labor are made available exactly when needed or just few hours before they are needed in the production process.
Basically, It is an inventory management system that companies use to reduce wastage to the barest minimum, thereby, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.
<em>Hence, just-in-time when used judiciously can help a company reduce the amount of working capital it needs to finance inventory management. </em>
Answer:
Effective direct reply letters usually include a subject line, provide explanation and additional information.
Explanation:
Effective direct reply letters recognize the subject contained in the subject line as well from previous correspondence.
Effective direct reply letters arrange information in order of priority by listing the most important information first, and make a list of the responses to the questions of the customers in accordance to the order the questions are asked. Graphic devices are employed to ensure that the message can be easily read, and provide assistance to customers by giving then clear reference that will enable them to find additional information.
Finally, a forward-looking statement is usually employed by effective direct reply letters to end pleasantly.
Answer:
The quanitity per order that minimizes the cost is 137.84 units.
Explanation:
The EOQ or economic order quantity is the quantity that should be ordered per order to minimize the cost of ordering and holding inventory. To calculate the number of units that should be ordered per order to minimize cost, we need to calculate the EOQ.
EOQ = √(2*D*O)/H
Where,
D is the annual demand in units
O is the ordering cost per order
H is the holding/carrying cost per unit per annum
Thus,
EOQ = √(2 * 250 * 19)/0.5
EOQ = 137.84
