When Simplified to Its Lowest Form, the Multiplication 500/4 X

question 45

Multiple Choice

When simplified to its lowest form, the multiplication 500/4 x 15/60 would be

• A) 31.25
• B) 27.5
• C) 29.25
• D) 12.5

Identify the key responsibilities and roles of a materials manager in coordinating supply and demand.

Recognize the legal and operational definitions relevant to materials management, such as purchase orders and contracts.

Understand the sourcing and procurement functions within an organization.

Know the impact of managing inventory and logistics on customer satisfaction.

---

Definitions:

Insurance Policy

A legal contract between an insurer and the insured, outlining the terms, coverages, premiums, and conditions under which the insurer agrees to compensate the insured.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate revenues and expenses to the period in which they actually occurred.

Prepaid Insurance

Insurance premiums paid in advance for coverage that extends into future accounting periods.

Goniometer

A protractor device that measures range of motion.