E&O coverage
A. Protects an agent in the case of unintentional negligence.
B. Has very low deductibles.
C. Does not protect the agent if the case against her is frivolous.
D. Is unlimited.
Ans: A. Protects an agent in the case of unintentional negligence.
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The management at Sad Clown Pajamas, an Internet-based wholesaler, is considering a new inventory control system. The current system is inadequate because it results in stockouts that interrupt production and excess stocks of some materials that result in markdowns and high carrying costs. The new system, which will focus on forecasting demand for Sad Clown's products, will employ
A) a just-in-time inventory system. B) the economic order quantity. C) a reorder point. D) materials requirements planning.
Which of the following statements is true of a good merchandise inventory control system?
A) It eliminates the need for authorization of merchandise purchases. B) It ensures that a physical count of inventory is not required. C) It often prevents the company from a stockout. D) It eliminates the need to examine inventory purchases for damage.