Answer: Proposal Solicitation Step
Explanation: There are Eight (8) stages in organizational buying process, and they inculde:
1. Problem recognition
2. Need description
3. Product Specification
4. Supplier search
5. Proposal Solicitation
6. Supplier selection
7. Order
8. Performance review.
The Proposal solicitation step is were selected potential suppliers will be asked to submit a proposal which will include catalogs and other documents that will give them a better advantage than others for review by the selecting company.
Answer:
Just in time (JIT) inventory management
Explanation:
Just in time (JIT) inventory management is a system created to lower inventory costs and increase manufacturing efficiency. JIT aligns materials and components orders with production schedules in order to reduce inventory levels to the lowest possible level.
It was developed by Toyota in order to reduce the costs of its car manufacturing processes. Once I visited a Toyota pickup factory and it was amazing to see that the whole inventory of finished engines was 4 units, and the factory produced more than 500 pickups per day.
Answer:
Option C is correct
Explanation:
The state court is a common law court that apply respective state laws and precedence to decide cases. State courts usually handle majority of crimes and civil case which include individual cases and small business issues.
Answer:
=$350,000
Explanation:
Property, plant, and equipment are the tangible long-term fixed assets of a company. The total of PPE is the sum of all fixed long term assets minus accumulated depreciation.
There are fixed assets hence will appear on the asset side of the balance sheet. For Koonce Office Supplies, PPE will include
Land : $180,000
Buildings: $210,000
Total = $180,000 + $210,000
Total = $390,000
less accumulated depreciation
=$390,000 -$40,000
=$350,000
Answer: C. Aqua will overcost Alpha's indirect costs as it is using a single cost pool to allocate indirect costs.
Explanation:
Aqua is using a single cost pool to allocate indirect costs which means that the indirect costs of both Alpha and Beta will be included in this cost pool.
This will overcost Alpha because Alpha only has minor portions of indirect costs while Beta has significant indirect costs. Putting both products together means that a lot of indirect costs assigned to Alpha will be from Beta which would mean that Alpha is overcosted.
