Answer: Control Systems
Explanation:
Control systems in business are procedures designed to evaluate, monitor, regulate, supervise and ascertain whether organisational strategies, plans and structures are working efficiently and effectively. It also ensure assets and resources are checked and well documented to avoid things going missing.
Answer:
C. The economy experiences economic growth.
Explanation:
When the economy is already working on the production possibility frontier the economic agents are already employed and working on full optimization.
In case of economic growth the production possibility frontier shifts upward and results in producing more jam and bread.
Answer: Pooled delivery consolidation.
Explanation: The Cockrell company should investigate the potential of a pooled delivery consolidation because of the presence of other shippers in the same location. This pooled delivery consolidation will enable the Cockrell Company delivered large amount of goods in less time thereby saving costs and maximizing profits
Answer:
b. just-in-time inventory management
Explanation:
Just in Time (JIT) inventory relates to an inventory control program with the goal of making inventory conveniently able to meet demand, just not to the extent of overload where you have to store extra items. JIT inventory has been used to better cut costs, open up storage space, and reduce error levels.
Answer:
The amount of the cost of goods sold for this sale is $98.4
Explanation:
Marquis Company uses a weighted-average perpetual inventory system
August 2, 22 units were purchased at $3 per unit,
Total cost = $3 x 22 = $66
Average cost per unit: $3
August 18, 27 units were purchased at $5 per unit
Total inventory = $66 + $5 x 27 = $201
Average cost per unit = $201/(22+27) = $4.1
August 29, 24 units were sold
Cost of goods sold = 24 x $4.1 = $98.4
