Dependence on an External Source of Supply Is Found in Which

question 62

Multiple Choice

Dependence on an external source of supply is found in which of the following aggregate planning strategies?

• A) varying production rates through overtime or idle time
• B) subcontracting
• C) using part-time workers
• D) back ordering during high demand periods
• E) hiring and laying off

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Definitions:

Agency Coupled

An agency relationship that cannot be easily terminated because it involves interests or benefits belonging to the agent.

Revoked Unilaterally

The act of cancelling or reversing a decision, right, or agreement by one party without the consent of the other parties involved.

Chapter 11 Bankruptcy

A form of bankruptcy that involves the reorganization of a debtor's business affairs, debts, and assets, allowing the business to continue its operation.

Apparent Authority

An accountability doctrine whereby a principal, by virtue of words or actions, leads a third party to believe that an agent has authority but no such authority was intended. Also called ostensible authority and agency by estoppel.