Explain how validity checks, completeness tests and reasonableness tests can be implemented to ensure accuracy of customer orders
What will be an ideal response?
Answer: Validity checks can be used to compare the customer and inventory information on the customer order with the information in the customer and inventory master files. A completeness test can ensure that all the necessary information is present on the customer order. A reasonableness test can compare the quantity ordered with the customer's past order history for that item.
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Which of the following statements is true of transportation in the context of global product distribution?
A) Global firms fail to survive in a "two-speed world" that has a high growth rate and low per capita income. B) Companies in low-growth markets need to deliver high volumes of low-cost products profitably with little infrastructure to support it. C) Companies in high-growth markets need to develop innovative and cost-competitive logistics to surpass competitors without sacrificing profit margins. D) A company with home-market competitive advantages in both upstream and downstream activities may be forced to reconfigure distribution activities to enter new global markets.
A TPS helps managers monitor the firm's relations with the external environment
Indicate whether the statement is true or false