When identifying the optimal maintenance policy, the cost of inventory maintained to compensate for the downtime is a cost often ignored

As a result of the terrorist attacks of September 11, 2001, many firms have employed a wide range of tactics to ensure continued flow of inventory in the face of government steps to curb terrorism

Which of the following is an inventory sourcing strategy response (as opposed to an inventory management response, or a transportation response)? A) carrying more inventory on-hand B) minimizing cross-border exposure from suppliers C) shifting to air cargo shipments instead of co-habitation of products and passengers on commercial air flights D) increasing the on-hand supply of critical parts

In a job order costing system, when the goods are sold, the Cost of Goods Sold account is increased, and the Finished Goods Inventory account is decreased for the selling price of the goods sold

Indicate whether the statement is true or false