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NEW QUESTION: 1
If the quantity ordered equals the quantity required in a time bucket, which of the following lot-sizing rules
has been used?
A. Lot-for-lot
B. Fixed order quantity
C. Economic order quantity (EOQ)
D. Order "N" periods supply
Answer: A

NEW QUESTION: 2
The procedure employed in zero-based budgeting is to:
A. Ascertain the outputs that are desired and work backward to determine the amount of inputs that will be required to generate the desired outputs.
B. Require managers to establish priorities by including a description of what activities or changes would occur if the budget were increased and decreased by a fixed percentage amount.
C. Review the prior period's budget along with actual results for that period and the actins for the coming period to develop more realistic budget amounts for the coming period.
D. Budget from the ground up whereby every proposed expenditure for every unit is reviewed as though the budget was being prepared for the very first time.
Answer: D
Explanation:
Zero-based budgeting treats the budget as if it were being initiated for the first time. Thus, all costs are reexamined each period. Beginning with the smallest budgetary subunits, managers must determine objectives, operations, and cost for all activities.
Alternative methods of conducting each activity are considered, different levels of service are evaluated for each activity, means of measuring work and performance are determined, and activities are ranked in order of importance to the organization.

NEW QUESTION: 3
What is a data parameter type?
A. File
B. Scenario ID
C. Rendezvous
D. Sequential Number
Answer: A