BUSI2003 Week 6 Final Exam Latest (Updated)

  
Question 
Question 1
In small cushion strategy, the firm is more conservative with respect to capacity.
True
False 
Question 2 
Assume a business has $700,000 worth of inventory and averages $10,000 per day in sales. Also assume it takes 30 days for the average customer to pay off its accounts receivable to this company and it takes 120 days for the company to pay for the materials supplied by the suppliers. What is the company’s average cash-to-cash cycle time?
40 days
-20 days
-80 days
160 days
Question 3 
The meaning of quality has evolved greatly over the past century. Which of the following statements best exempli es the current meaning of quality? 
Continuous improvement, competitive advantage and meeting or exceeding customer requirements now and in the future
Inspection of every item produced to ensure exact customer specifications are met
Production of parts within control limits and the maintenance of process output in a state of