Which One of the Following Statements Is Best

question 75

Multiple Choice

Which one of the following statements is best?

• A) Demand alternatives adjust demand patterns, whereas capacity alternatives change in response to changes in demand.
• B) Overtime and undertime are two ways to change the workforce level (rather than its utilization).
• C) Subcontracting during the peak season is called a demand strategy since it requires a competitive orientation toward suppliers.
• D) Due to the almost limitless number of possible aggregate plans, it is virtually impossible to select a desirable plan without using an optimization procedure such as linear programming.

Recognize the role of standards and certifications, such as ISO 14000, in promoting green marketing practices.

Understand the process and importance of conducting a social audit within organizations.

Appreciate the ethical obligations of consumers in the exchange process and the disposition of products.

Understand the concept of sustainable development and its importance in modern business.

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Definitions:

FIFO

First-In, First-Out (FIFO) is an inventory valuation method where goods first added to inventory are the first ones considered sold.

Ending Inventory

The financial value of products on hand for selling at the end of a fiscal period.

Units

basic quantities or measurements used as a standard to express values, amounts, or sizes.

Cost of Goods Sold

Direct costs attributable to the production of goods sold by a company, including material, labor, and manufacturing overhead expenses.