EBK PRODUCTION AND OPERATIONS ANALYSIS
7th Edition
ISBN: 8220102480681
Author: Olsen
Publisher: WAVELAND
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Question
Chapter 13.8, Problem 40P
Summary Introduction
Interpretation:
Worthiness of purchasing wrenches.
Concept Introduction:
Probability is the likelihood of an event to occur.. It ranges between 0 to 1. O implies no chance of occurance while 1 implies 100% chance of occurance.
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Students have asked these similar questions
The warehouse management system (WMS) of RoyaTech's
Delaware Valley warehouse tracks service level at the
warehouse. A service level failure at the warehouse is an event
where a customer's order could not be shipped out in full by
the promised shipping time.
RoyalTech's ordering system prevents customers from placing
orders on products that are not in-stock at the warehouse.
Therefore, we can make the statement that "the WMS is
guaranteed to show 100% service level at the warehouse."
Choose the most appropriate statement in response:
O True, because orders will be placed only for products that are
available.
O False, because service level can never be 100%.
O False, because resource constraint or human error may delay the
shipping even though inventory is available in the system.
O False, because WMS calculations are faulty.
For each scenario suggest a control that could be used to reduce the risk.
Entering negative values for order quantity in a sales order
Selling to a customer with an overdue account
Ordering from a non-existent supplier
Paying for goods that have not been received
Entering an alphanumeric customer ID when the business policy is for numeric customer IDs
Misappropriation of goods by receiving staff, who also maintain inventory records
Ordering too much of a product
8. You are required to list and explain three advantages of computer-executed control activities compared to manually executed control activities.
A department store sells a television set that was a one-year warranty (quality-assurance) that covers any product defects. When customers purchase a TV set, they also have the option to purchase an extended three-year warranty that covers any breakage or maintenance. The extended warranty sells for the same amount regardless of whether it is purchased at the same time as the TV set or at some other time.
What is the only performance obligation of the department store ?
Chapter 13 Solutions
EBK PRODUCTION AND OPERATIONS ANALYSIS
Ch. 13.1 - Prob. 3PCh. 13.1 - Prob. 4PCh. 13.1 - Prob. 5PCh. 13.1 - Prob. 6PCh. 13.2 - Prob. 7PCh. 13.2 - Prob. 9PCh. 13.3 - Prob. 13PCh. 13.3 - Prob. 14PCh. 13.4 - Prob. 15PCh. 13.4 - Prob. 16P
Ch. 13.4 - Prob. 17PCh. 13.4 - Prob. 18PCh. 13.4 - Prob. 19PCh. 13.4 - Prob. 20PCh. 13.6 - Prob. 21PCh. 13.6 - Prob. 22PCh. 13.6 - Prob. 23PCh. 13.6 - Prob. 24PCh. 13.6 - Prob. 25PCh. 13.7 - Prob. 26PCh. 13.7 - Prob. 27PCh. 13.7 - Prob. 28PCh. 13.7 - Prob. 30PCh. 13.7 - Prob. 31PCh. 13.7 - Prob. 32PCh. 13.7 - Prob. 33PCh. 13.7 - Prob. 34PCh. 13.8 - Prob. 35PCh. 13.8 - Prob. 36PCh. 13.8 - Prob. 37PCh. 13.8 - Prob. 38PCh. 13.8 - Prob. 39PCh. 13.8 - Prob. 40PCh. 13.8 - Prob. 41PCh. 13 - Prob. 42APCh. 13 - Prob. 43APCh. 13 - Prob. 44APCh. 13 - Prob. 45APCh. 13 - Prob. 46APCh. 13 - Prob. 48APCh. 13 - Prob. 49APCh. 13 - Prob. 51APCh. 13 - Prob. 52APCh. 13 - Prob. 53AP
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