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NEW QUESTION: 1
Which of the following status symbols are used in customer and vendor line item lists?
There are 3 correct answers to this question.
Response:
A. Open
B. Overdue
C. Cleared
D. Parked
E. Not due
Answer: A,C,D
NEW QUESTION: 2
In a theory of constraints (TOC) analysis, the bottleneck operation (the constraint) corresponds to which part of the drum-buffer-rope model?
A. Buffer.
B. Rope.
C. No part of TOC analysis corresponds to the drum-buffer-rope model.
D. Drum.
Answer: D
Explanation:
Production flow through a constraint is managed using the drum-buffer-rope (DBR) system. The drum (i.e., the beat to which a production process marches) is the bottleneck operation. The constraint sets the pace for the entire process. The buffer is a minimal amount of work-in-process input to the drum that is maintained to ensure that it is always in operation. The rope is the sequence of activities preceding and including the bottleneck operation that must be coordinated to avoid inventory buildup.
NEW QUESTION: 3
Your client calls you with a market order to purchase 500 shares of the stock of Oracle and asks when
payment will be due. If today is Wednesday, September 15th, you inform the client that payment is due on
A. Monday, September 20th.
B. Friday, September 17th.
C. Saturday, September 18th.
D. Thursday, September 16th.
Answer: A
Explanation:
If your client places an order to purchase 500 shares of Oracle on the open market on
Wednesday, September 15th, payment will be due on Monday, September 20th. The settlement date for
stock transactions is T + 3, which means the third business day after the trade. Saturday is not a business
day.
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