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Otrada [13]
3 years ago
5

Periodic review systems are best suited for the C category of items under the ABC classification scheme.

Business
1 answer:
sveticcg [70]3 years ago
7 0

Answer:

a. True

Explanation:

ABC classification scheme refers to item analysis that is based upon the principle that there are many less critical items and few critical items by dividing on-hand inventory into three classes which is generally based upon annual dollar volume as follows:

"A items" have very tight control and accurate records

"B items" does not have a tight control and good records

"C items" have minimal records, periodic review, and and characterized by simple controls.

From the above explanation, it is therefore <u>true</u> that periodic review systems are best suited for the C category of items under the ABC classification scheme.

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A wedding party hired a sole proprietorship to cater their wedding. In this situation the sole proprietorship is a partnership,
Kruka [31]

Answer:

False

Explanation:

A sole proprietorship is owned and managed by a single person. The owner is responsible for all the decisions and actions of his or her business. The owner may hire workers to assist in running the business. The workers remain workers and not partners in the business.

The law does not distinguish between the business and the owner. Any liabilities arising from the business are considered to be the owner's liability. In this wedding situation, the sole proprietor is solely responsible for the mistakes of his assistant.

7 0
3 years ago
Bee Sting bought 400 shares of Google at $399.75 per share. Assume a commission of 2% of the purchase price. What is the total t
daser333 [38]
Given:
400 shares of Google
399.75 per share
2% commission on purchase price.

400 shares * 399.75/share = 159,900
159,900 x 1.02 = 163, 098

The total to Bee Sting is $163,098
5 0
3 years ago
A portfolio with a 20% standard deviation generated a return of 10% last year when T-bills were paying 5.0%. This portfolio had
Maslowich

Answer:

0.25

Explanation:

A portfolio has a standard deviation of 20%

The portfolio also generated a return of 10%

T-bills were paying 5%

Therefore, Sharpe ratio of the portfolio can be calculated as follows

Sharpe ratio= 10-5.0/20

= 5/20

= 0.25

Hence the Sharpe ratio of the portfolio is 0.25

6 0
3 years ago
The process of first creating and then developing and strengthening capabilities internally
REY [17]

Answer:

B. requires first developing the ability to do something, however imperfectly or inefficiently perform their assigned activities in a tightly-prescribed manner developed by the company's foremost technical experts second, translating this ability into a tried-and-true competence and/or capability by learning to do the activity consistently well and at an acceptable cost, and then continuing to polish, refine, and sharpen their performance of the competence or capability, striving not just for ongoing improvements but, ultimately, for best-in-industry or best-in-world proficiency

Explanation:

If a company chooses to develop it's competencies and capabilities internally and not externally by maybe choosing to outsource experts or merging or collaborating with companies with required competence and expertise, then they would have to follow through with the process of developing and nurturing internal capability and competencies. To proceed with internal competence, a company would need to hire experts if there are none in the company, these experts would train staff who follow through with the process in the option chosen above.

6 0
3 years ago
How do you know, as a consumer shopping for a product, whether goods are in
Aloiza [94]

Answer:

Prices act as a signal that tells producers and consumers how to adjust. Prices tell buyers and sellers whether goods are in short supply or readily available. The price system is flexible and free, and it allows for a wide diversity of goods and services.

Explanation:

5 0
3 years ago
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