An organization uses the management-by-objectives method, whereby employee performance is based on defined goals Which of the following statements is true regarding this approach?

• A.It is particularly successful in environments that are prone to having poor employer-employee relations
• B.It is a more successful approach when adopted by mechanistic organizations
• C.It is more successful when goal-setting is performed not only by management, but by an team members, including lower-level staff.
• D.It is particularly helpful to management when the organization is facing rapid change

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A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically. 30% of the company's sales are cash sales. The remaining 70% are credit sales with the following collection pattern:

Sales for the first 5 months of the coming year are forecast as follows:

For the month of April, the total cash receipts from sales and collections on account would be:

• A.US$3,729,968
• B.US$3,781,600
• C.US$4,025,200
• D.US$4,408,000

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The following information and diagram apply to a project:

The earliest completion time for the project is:

• A.11 days.
• B.14 days.
• C.15 days.
• D.20 days.

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The Huron Corporation purchases 60,000 headbands per year. The average purchase lead time is 20 working days, and the maximum lead time is 27 working days. Safety stock equals 1,750 units. The corporation works 240 days per year. Huron should reorder headbands when the quantity in inventory reaches:

• A.5,000 units.
• B.6,750 units.
• C.1,750 units.
• D.5,250 units.

Correct Answer: B

The reorder point is the quantity on hand when an order is placed. If it has 20-day normal lead time, a safety stock of 1,750 units, and usage of 250 units per day, an order should be placed when 27 days of inventory are on hand, a total of 6,750 units 250 units 27 days).
Jed Ryerson Computer Furniture, Inc. RCF) manufactures a line of office computer chairs. The annual demand for the chairs is estimated to be 5,000 units. The annual cost to hold one unit in inventory is US 10 per year, and the cast to initiate a production run is US $1,000. There are no computer chairs on hand, and RCF has scheduled four equal production runs of computer chairs for the coming year, the first of which is to be run immediately. RCF has 250 business days per year, sales occur uniformly throughout the year, and production start-up is within one day. RCF is considering using the following formula for determining the economic order quantity EOQ):

If: A = cast to initiate a production run per purchase order D = annual unit demand K = cost of carrying one unit per year

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Which of the following would be a concern related to the authorization controls utilized for a system?

• A.Users are making frequent password change requests.
• B.Users can only see certain screens in the system.
• C.Users Input Incorrect passwords and get denied system access
• D.Users are all permitted uniform access to the system.

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