Manufacturing Global uses three assessments and an interview to select shift supervisors. Each part of the selection process is weighted relative to its importance in the selection process. A high score on one part of the selection process can offset a lower score on another part. The organization is using which type of selection decision making process?

Which of the following is the correct formula to calculate inventory turnover?

A) Inventory turnover = Cost of goods sold / Average merchandise inventory B) Inventory turnover = Cost of goods sold x Average merchandise inventory C) Inventory turnover = Cost of goods sold + Average merchandise inventory D) Inventory turnover = Cost of goods sold - Average merchandise inventory

Murphy Construction Materials Company has a sales office that sells concrete culvert pipes to property developers

The sales office is a revenue center and prepares a monthly responsibility report. The partially completed responsibility report is provided. Revenue Center Responsibility Report Product Type Actual Sales Revenue Flexible Budget Variance U/F Flexible Budget Sales Volume Variance U/F Static Budget 40 inch $31,700 $30,750 $40,800 36 inch long 40,150 42,200 33,000 36 inch short 36,200 33,100 31,000 32 inch 19,100 20,000 28,400 The company uses management by exception to address flexible budget variances. On which product type would the company first focus? A) 40 inch B) 36 inch long C) 36 inch short D) 32 inch