Week 4 Review Quiz.docx - Week 4 Review Quiz(Chap 9-11...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Week 4 Review Quiz (Chap. 9-11) Cost-plus buying is most often used by: A. true co-op participants B. larger operations C. wholesalers D. liquor distributors Given the following data, compute the approximate number of raw pounds needed to serve 500 guests: Ingredient: T-bone steak Serving size: 16 ounces Edible yield: 75 percent A. true 467 pounds B. 500 pounds C. 667 pounds D. the answer cannot be computed with only the data provided The Levinson approach to ordering generally is used when purchasing merchandise that will be: A. sold as is, where is B. sold on consignment C. inspected by the USDA D. used for special parties and banquets A buyer needs to place an order for mayonnaise to be delivered in 5 days. Par stock is 8 cases, 2 cases are in stock, and 1 case will be used before delivery. How many cases should the buyer order? A. five B. six C. seven D. eight The primary purpose of the hedging procedure is to: A. reduce the EP costs of poultry products B. maintain an acceptable AP price
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
C.
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern