When should complete inspection be used?
A) when inspection tests are destructive
B) when inspection tasks are monotonous
C) when the cost of product failure is high relative to the inspection costs
D) when quality is a competitive priority
C
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At year-end, Schultz Inc. has cash of $11,600, current accounts receivable of $48,900, merchandise inventory of $37,900, and prepaid expenses totaling $5,100. Liabilities of $55,900 must be paid next year. Assume accounts receivable had a beginning balance of $67,400 and net credit sales for the current year totaled $807,800. How many days did it take Schultz to collect its average level of receivables?
A. 49 B. 35 C. 29 D. 26
Unplanned purchases of items needed quickly, often at non-prenegotiated higher prices, best defines
A) impulse purchases. B) free market. C) MRO purchasing. D) maverick buying.