Which of the following controls can minimize the threat of stockouts and excess inventory?
A) The use of positive pay.
B) Do not inform receiving employees about quantity ordered.
C) The use of ERS.
D) Perpetual inventory system.
Answer: D
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Which of the following is NOT true of the range?
A) It identifies the distance between the lowest value and the highest value in a set of numbers. B) It identifies the maximum and the minimum in a set of numbers, and you can do a quick mental calculation to see how many units are in between. C) The range tells you how often the maximum and minimum occurred. D) It provides some information on the variability by indicating how far apart the extremes are found. E) If you find that the range is very narrow, you know that the average is typical of many respondents.
A survey of Fortune 1000 organizations in North America indicated that about ______ percent use teams
A) 10 B) 30 C) 70 D) 99.9