The cost of carrying one unit in inventory for a specified period of time, usually one year, is referred to as
A) the material cost and is denoted by C.
B) the fixed ordering cost and is denoted by S.
C) the holding cost and is denoted by H.
D) the purchase price and is denoted by P.
Answer: C
Business
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Sales for boxes of Girl Scout cookies over a 4-month period were forecasted as follows: 100, 120, 115, and 123. The actual results over the 4-month period were as follows: 110, 114, 119, 115. What was the MAD of the 4-month forecast?
A) 0 B) 5 C) 7 D) 108 E) None of the above
Business
________ is the process of gathering information about the demands, responsibilities and worker requirements of each position in the organization
A) Employee orientation B) Performance monitoring C) Compensation analysis D) Competency analysis E) Job analysis
Business