While Discussing Parts Retailers, Technician a Says That Chain Stores

question 17

Multiple Choice

While discussing parts retailers, Technician A says that chain stores usually deal in faster moving items such as alternators, starters, tools, and car accessories. Technician B says that they often do not have as large an inventory of diverse parts as a jobber store. Who is correct?

• A) A only
• B) B only
• C) Both A and B
• D) Neither A nor B

Recognize the principles of the control process, including the steps involved and their significance.

Understand the significance of involving employees in the goal-setting and objectives process.

Comprehend the concept and application of program evaluation and review technique (PERT), including critical path analysis.

Identify and explain the concepts of positive reinforcement and the exception principle in organizational control and performance management.

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Definitions:

Straight-Line Method

A method of calculating depreciation by dividing the cost of an asset, minus its salvage value, by its useful life.

Residual Value

The estimated scrap or salvage value of an asset at the end of its useful life.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value of the asset over time due to use, wear, or obsolescence.

Double-Declining-Balance

A method of accelerated depreciation that doubles the rate at which an asset loses value compared to straight-line depreciation.