Statement about currently attainable standards

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Reference no: EM13338559

1. Which of the following product promotional activities would probably help make the supply chain more efficient?

A. An "everyday" low price strategy where prices are not dependenton quantity delivered with a specific order

B. Price promotions that expire on a specific date

C. Special packaging for a specific event that occurs one time eachyear

D. A 2 for 1 price promotion

2. Which one of the following characteristics would likelybe associated with a just-in-time inventory method?

A. A backlog of inventory orders not yet shipped.

B. Minimal finished goods inventory on hand.

C. An understanding with customers that they may come to theshowroom and select from inventory on hand.

D. Ending inventory of work in process that would allow severalproduction runs.

3. Identify which statement about "currently attainablestandards" is NOT true.

A. Because they allow for waste, they usually result in favorablevariances.

B. Employees usually view these goals as reasonable.

C. They represent projections of what will probably beattained.

D. They allow for normal spoilage and nonproductive time.

4. A by-product_____.

A. is treated like a joint product

B. receives a portion of allocated separable costs

C. has relatively insignificant total sales value

D. is individually identifiable before the split-off point

Reference no: EM13338559

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