In a ________, one party directs another party to make payment
A) reverse letter of credit
B) commercial bill of exchange
C) commercial bill of trade
D) confirmed irrevocable foreign-exchange transaction
B
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Which of the following is true of supply chain agility?
a. It helps companies limit the resources they spend on activities that create direct customer benefits. b. It seeks to reduce the interactions between a company and its suppliers and service providers. c. It enables a company to offer better customer service but at an increased supply chain cost. d. It allows companies to adapt quickly and easily to customer needs.
The production of a particular product consists of the following work elements. If the cycle time is 4 minutes and the work-element times are as follows, what is the theoretical minimum number of stations?
Work Element Time (min) 1 2.4 2 0.5 3 2.1 4 2.0 5 2.7 6 1.1 7 2.0 8 2.7 9 1.6 10 1.4 A) fewer than or equal to three stations B) four stations C) five stations D) more than five stations