Which of the following statements about stock insurance companies is true?
A) Stockholders provide operating capital and receive dividends.
B) They are nonprofit organizations.
C) The insureds own the company.
D) They are more likely to provide lower-cost insurance than mutuals.
A
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Determine the total annual inventory cost for product Y. Include the item cost in your calculations. (Assume 52 weeks of operation per year.)
A company produces item Y, and uses the basic EOQ model for managing its inventory. Lead time to obtain item Y is two weeks. Demand is normally distributed with a mean of 400 units per week and a standard deviation of 40 units per week. The desired service level is 98.5%. The ordering cost is $20, and carrying cost is 20% of the items cost, which is $10.
How should a recruiter divulge information regarding the job to the applicant with respect to timing?
What will be an ideal response?