As more warehouses are added to a physical distribution system we can expect the cost of:
A) LCL and LTL shipments to decrease.
B) TL and CL shipments to increase.
C) total transportation costs to decrease.
D) all of the above
E) A and B above
D
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According to the authors, objectives should specify
a. why the direction has been chosen b. target audience behavior or set of behaviors c. the purpose of the organization in taking certain actions d. specific numerical benchmarks e. responsibility for specific proposed actions
The purpose of the debt covenant that requires maintaining a minimum level of net working capital is to ________
A) protect the lender by controlling the risk and marketability of the borrower's security investment alternatives B) limit the amount of fixed-payment obligations C) ensure a cash shortage does not cause an inability to meet current obligations D) limit the annual cash dividends paid by the firm