Suppose That Sam Industries Has Annual Sales of $2 Million

question 9

Multiple Choice

Suppose that Sam Industries has annual sales of $2 million, cost of goods sold of $950,000, average inventories of $45,000, and average accounts receivable of $90,000. Assuming that all of Sam's sales are on credit, what will be the firm's operating cycle?

• A) 0.85
• B) 16.43
• C) 17.29
• D) 33.72

Calculate and understand the significance of slack in project planning.

Understand the impact of crashing activities on project duration and costs.

Interpret and construct AOA (Activity on Arrow) and AON (Activity on Node) network diagrams for project planning.

Perform variance analysis to assess project schedule risk.

---

Definitions:

New-Employee Orientation

A process for introducing newly hired employees to the company's policies, their teammates, and their roles and responsibilities.

Department Policies

Guidelines and rules established within a specific department of an organization to govern operations and decision-making.

Cross-Trained

The practice of training employees to perform multiple roles or tasks across different departments or functions within an organization.

Group Of Employees

A collective of individuals who work together in a specific workplace or organization.