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Forecasts must be continually adjusted in response to unforeseen changes in projected revenues and/or expenses. True False Taxes, Insurance, and storage are typical costs associated with carrying inventory, True False Cycle counting errors will be reduced if the time during which the counts are taken is also when the product being counted is not moving. True False To determine inventory "turn" - divide throughput by the average inventory. True False One reason for maintaining multiple warehouse locations is to facilitate employee communication, e.g., avoid miscommunication. True False

Forecasts must be continually adjusted in response to unforeseen changes in projected revenues and/or expenses. True False Taxes, Insurance, and storage are typical costs associated with carrying inventory, True False Cycle counting errors will be reduced if the time during which the counts are taken is also when the product being counted is not moving. True False To determine inventory "turn" - divide throughput by the average inventory. True False One reason for maintaining multiple warehouse locations is to facilitate employee communication, e.g., avoid miscommunication. True False

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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  1. Forecasts must be continually adjusted in response to unforeseen changes in projected revenues and/or expenses.

    True

    False

  2. Taxes, Insurance, and storage are typical costs associated with carrying inventory,

    True

    False

  3. Cycle counting errors will be reduced if the time during which the counts are taken is also when the product being counted is not moving.

    True

    False

  4. To determine inventory "turn" - divide throughput by the average inventory.

    True

    False

  5. One reason for maintaining multiple warehouse locations is to facilitate employee communication, e.g., avoid miscommunication.

    True

    False

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