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NEW QUESTION # 222
A student wants to know the probability of getting a value less than -0.76 in a standard normal distribution (=0, =1). The student finds that the area under the curve to the left of positive 0.76 is 0.7764. What is the probability of getting a value less than -0.76?
Answer: D
NEW QUESTION # 223
A company had beginning total owners' equity of $350,000. During the year, the company raised $80,000 by issuing new shares of common stock. The net income of current year is
$120,000. No dividend was declared or paid during the year. What is the amount of total owners' equity the company should report on its end-of-year balance sheet?
Answer: A
NEW QUESTION # 224
When developing a supplier exit strategy, which of the following is generally considered the MOST important internal consideration?
Answer: B
Explanation:
* Assess Risk: Understand the risk associated with terminating a supplier and the impact on the supply chain.
* Continuity of Supply: Ensuring that there is no disruption in the supply of critical materials or services is paramount.
* Strategic Planning: Developing a comprehensive exit strategy that includes alternative suppliers or contingency plans.
* Minimizing Impact: Minimize any negative impact on production schedules, customer commitments, and overall supply chain stability.
References
* Supplier Exit Strategies
* Risk Management in Supply Chain
* Continuity Planning Resources
NEW QUESTION # 225
A supply manager submits a request to fill several new positions, along with a proposal for an increased training budget. The new positions are approved, but training funds are cut rather than expanded for the coming year. The supply manager believes that training will be essential for supply management's ability to support organizational strategy. Given this situation, which of the following actions by the supply manager is MOST likely to be effective?
Answer: D
Explanation:
The MOST likely effective action by the supply manager, when training funds are cut, is D. Develop examples of how training will help employees focus on organizational objectives. This approach can demonstrate the value of training to the organization's leadership and may help in securing future funding. It's important to show how training aligns with and supports the strategic goals of the organization123.
NEW QUESTION # 226
DEF Inc. receives several batches of inferior quality products from a supplier. Although all of the samples provided by this supplier met or exceeded specifications, it is learned that the facility used to produce the samples is in a different location than the regular production facility, and that the production environment could affect quality.
DEF could have prevented this situation by doing which of the following?
Answer: D
Explanation:
* Requesting and Testing Samples from All Possible Supplier Manufacturing Locations: This would
* have ensured that DEF Inc. tested the quality of products from the actual production facility, not just the sample facility.
* Requesting Larger Samples: While this might help, it doesn't address the issue of different production environments potentially affecting quality.
* Requiring Assurance from Supplier: This is important but not sufficient by itself. The assurance doesn't substitute for actual testing from the correct facility.
* Stricter Quality Controls at Receiving Dock: This is a reactive measure and doesn't prevent the problem from occurring in the first place.
References
* Monczka, R. M., Handfield, R. B., Giunipero, L. C., & Patterson, J. L. (2016). Purchasing and Supply Chain Management. Cengage Learning.
* Burt, D. N., Petcavage, S. D., & Pinkerton, R. L. (2010). Supply Management. McGraw-Hill Education.
NEW QUESTION # 227
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