The goal of managing working capital, such as inventory, should be to minimize the:
A) costs of carrying inventory
B) amount of spoilage or pilferage
C) opportunity cost of capital
D) aggregate of carrying and shortage costs
Answer: D) aggregate of carrying and shortage costs
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Which of the following is not considered to be a stepwise regression technique?
A) Forward selection regression B) Optimal variable entry and removal regression C) Backward elimination D) Standard stepwise regression
Each evening, a nationwide retail chain randomly calls 100 of the customers who came to their store that day to ask whether they were satisfied with the service they had received. The customers respond yes or no
Suppose the company has found over time that 8 percent of the customers are not satisfied ("no" answers), what is the 3-sigma upper and lower control limits for the appropriate control chart?A) About .053 and .107 B) 0 to about .16 C) -.0.14 to about .16 D) About -1.96 to 1.96