Even Though She Is a Relatively Junior Manufacturing Supervisor, Angela

question 65

Multiple Choice

Even though she is a relatively junior manufacturing supervisor, Angela has been assigned to a plant-wide committee on quality control. Angela is concerned that she will be unable to do her regular job as well as take part in extra committee meetings and assignments. She is concerned that this committee will be a "time sink" and a waste. Which of the following statements is most likely to reflect her boss's motivation for giving her this assignment?

• A)to move Angela horizontally so that she does not become bored with her work because vertical promotions have become scarce
• B)to allow Angela to learn the intellectual and theoretical components of her future job assignment
• C)to broaden Angela's exposure to whole-plant operations, processes, and personalities, and help her career prospects
• D)to get Angela out of the department without firing her because she is not performing well

Appreciate the significance of physical counts of inventory and the internal controls associated with them.

Understand the implications of inventory costing methods on tax reporting and financial reporting including the LIFO conformity rule.

Identify the components and costs that are included and excluded in the Merchandise Inventory account.

Calculate and interpret inventory turnover ratios and days' sales in inventory.

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Definitions:

Observation

An observation is a record or a piece of data collected during an experiment or survey, representing one instance or example of a variable of interest.

Histogram

A graphical representation of the distribution of numerical data, where the data is grouped into bins and the frequency of data points within each bin is depicted by the height of the bar.

Intervals

Ranges or spans between two values, often used in contexts of measurement, time, or statistical analysis.

Overlap

The extent to which two or more things cover the same area or share common elements.