Answer:
D. The order quantity is constant, regardless of the demand.
Explanation:
Basic Continuous Review Model relates to inventory stock management, where each time an inventory unit is added in or moved out the stock level is calculated again.
It do not assume that the order quantity is constant as it calculates inventory level after each order, there is no basic assumption as such.
The review model keeps on moving the stock and tries to maintain such level as by ordering the quantity sold, and it keeps on rotating, but there is no standard set for order quantity.
Answer:
d. debit Accounts Receivable; credit Cash
Explanation:
The cash has been credited with $695 instead of $965 which means that $270 has been credited short. Same way, the liabilities have been debited by $270 short. So, we will have to reverse the entry ie. debit Accounts Receivable; credit Cash
Answer:
E) matrix departmentalization
Explanation:
Matrix departmentalization is an organizational structure that combines functional and task force departmentalization in order to improve economies of scale and/or customer service.
Commerce Insurance Services is divided functionally in five divisions, and each division is also divided along product lines (tasks).
Answer:
The answer is A and C
Explanation:
Transfer capital, technology, and people among their affiliates in various countries.
Ultimately integrate their diverse activities in a centralized headquarters function, which may be physically.
The correct answer is a Car salesman
Explanation:
Event planners are professionals in planning and organizing events, which includes weddings, conferences, birthday parties, festivals, among others. Moreover, planning events involves multiple elements such as music, food, decoration, among others and this makes event planners be in contact with vendors (companies or people that sell specific products or services).
In this context, an event planner is likely to be in contact with musicians because music is an essential element in many events, caterers because food is quite common in events, and florists because flowers are often used as part of the decoration. However, it is not likely event planners are in contact with a car salesman because most events do not require buying cars and this is not a common element in events.
