Landed cost - Study guides, Class notes & Summaries

FMF Board study guide, Questions and answers. 100% verified. 2022/2023 Document Content and Description Below FMF Board study guide, Questions and answers. 100% verified. 2022/2023 What does ORM stand for ? - Operational Risk Management Define ORM - A risk mitigation tool used by people at all levels to increase operational effectiveness and reduce the potential for loss. What is the five step process of ORM ? - Identify Hazards Assess Hazards Make Risk Decisions Implement Controls Supervise L...

Test Bank and Solution Manuals for Introduction to Federal Income Taxation in Canada, 44th Edition () By Nathalie Johnstone CHAPTER 1 Introduction Solution 1: Identify section of the Act The following summary is discussed in more detail below: Case Topic Part Division Subdivision Provision (A) Person ..................................................... XVII — — subsection 248(1) (B) Donation by individual............................ I E a subsection 118.1(3) (C) Balance-due day......

WGU Academy Statistics Which of the following is true regarding a probability of an event P(A)? - ANS 0≤P(A)≤1 The probability of an event can any number between 0 and 1, including 0 and 1. In other words, the probability of an event cannot be more than 1 or less than 0. Which of the following represents the probability of an event that is more likely not to occur than it is to occur, but would not be unusual for it to occur? - ANS 0.32 1250 randomly chosen in...

LSCM FINAL EXAM 3 QUESTIONS & ANSWERS 2024/2025 Inventory is an ASSET on the balance sheet and a(n) ____ on the income statement. - ANSWERSexpense Direct-to-customer Drop-Shipped Fulfillment means: - ANSWERSDirect shipment to retailer bypassing the retailer's network The ____ the profit margin, the ____the revenue equivalent for a given logistics cost savings. - ANSWERSHigher-higher Which of the following is INCORRECT regarding reverse logistics? - ANSWERSGlobalization of business...

LSCM Exam 1 2024 with 100% Correct Answers Landed costs are independent of sales/FOB terms. t/f - ANSWERSF An advantage of e-sourcing and e-procurement is that there is little risk involved t/f - ANSWERSF e-Sourcing and e-procurement are the same t/f - ANSWERST The mathematical calculation of the point of equality between systems under analysis is used for short-run/static analysis t/f - ANSWERSF It is predicted that social networks such as Facebook and Twitter will influence s...

FMF (BOARD) EXAM QUESTIONS AND ANSWERS 100% CORRECT What is ORM? - Answer- Decision making tool used by people at all levels to increase operational effectiveness and minimizes risks Explain Identify hazards - Answer- Listing of hazards Explain assess hazards - Answer- determine degree of risk Explain make risk decisions - Answer- develop risk control options Explain Implement controls - Answer- eliminate hazards or reduce risk. Explain supervise - Answer- follow up evaluations of the co...

Test 1 (Intro to Couse, Gov Reg, Trucking) Question and answers correctly solved 2023/2024What qualities of transportation are desired by a shipper (considered by a shipper when choosing how to send a shipment)? - correct answer Accessibility, reliability, capability, cost One question will ask to identify them in general, another will require to pick the most important for a shipper sending a one-time shipment of very valuable cargo. - correct answer Safety (security) Why is transportatio...

What are the primary steps in the strategic souring process? -Correct Answer -Research & Analysis -Initiative Planning -Supplier Selection -Contract Negotiation What is the objective of the sourcing process? -Correct Answer To achieve the "lowest landed cost" position for a specified product quality, quantity, and terms & conditions direct vs. indirect purchases -Correct Answer -Direct = Goes into final product (Wheels on a car) ~ raw materials, semi-finished products, finished ...

Paradigm Change for business competition - Form, time, place, exchange --> Creating value Porter Chain Value - Inbound logistics, operations, outbound logistics, sales, service (primary activities) -Supplier base--> Integrated enterprise --> market/ distribution network Integrated Supply Chain Management - Traditional business coordination with particular organization within the supply chain for purposes of improving long term performances of individual enterprises and supply chai...

Test 1 (Intro to Couse, Gov Reg, Trucking) What qualities of transportation are desired by a shipper (considered by a shipper when choosing how to send a shipment)? - correct answer Accessibility, reliability, capability, cost One question will ask to identify them in general, another will require to pick the most important for a shipper sending a one-time shipment of very valuable cargo. - correct answer Safety (security) Why is transportation important to the society (what are its funct...