A commodities rate is offered for commodities that are moved regularly in large quantities. Group of answer choices True False

A commodities rate is offered for commodities that are moved regularly in large quantities.

Group of answer choices

True

False

Answer

• TRUE

Explanation:

Commodities rates are constructed on a variety of bases, though the most common one is a specific rate which is established on a specific commodity. It is offered for commodities which are moved in large quantity on regular basis. It also applies to commodities which are published publicly and often take precedence over exception rate instituted by a specific carrier or class rate between defined points.

Question:

The corporate governance structure of a company reflects the individual companies'

(A) cultural and economic system.

(B) Legal and business system.

(C) Social and regularory sysrem.

(D) All of the above.

Answer

• (D) All of the above.

Explanation:

Corporate governance is influenced by various factors including the legal, economic, societal, political as well as historical factors. Corporate government system details the relationship between the organization, its board, management, shareholders and the other stakeholders and as seen in its structure, there is the society part which is shown by an organization's social responsibility, the shareholder part which includes the legal and business system.

Question:

1. The quality of the products determined at the stage of
2. Production.
3. Design.
4. Planning

Answer

• Design.

Explanation:

Product quality is defined as the sum of product design quality, manufacturing quality, maintaining and recycling. Product life cycle has four stages which are:

• design
• manufacturing
• maintenance

During the design process of the product, quality implies that the design specification should conform to the requirement of the customers. When the production process gets to the manufacturing stage, the manufacturing should conform to the design requirement.

Question:

1. Service organizations such as restraints, movie theaters, and banks focus on locating near :
2. Suppliers
3. Intersections
4. Roads.
5. Their customers
6. Potential workers.

Answer

• Their customers

Explanation:

Service organizations earn revenue through providing intangible products and services, and are involved in retail, transport, distribution, food services and other popular services depending with market availability. Their main focus is the customer, because they rely on their contact with the customer in order to offer the services and hence they focus more on their customer when deciding their location.

Question:

Which of the following is an objective of the purchasing function?

1. A) purchasing the appropriate quantity
2. B) obtaining cash refunds
3. C) purchasing the highest quality
4. D) All of the above

Answer

• A) purchasing the appropriate quantity

Explanation:

Purchasing function responsibility includes buying materials of the right quality (not highest), in the appropriate quantity to avoid excessive buying, at the right time, at the right price and from the right source. Efficiency remains the main long-range goal of purchasing, which entails ensuring maximum returns in every dollar spent on goods and services. Purchasing does not require to always source for the highest quality, rather, the right quality depending on the purpose of the item.