1、Q. Which one of the following factors usually calls for a larger capacity cushion?

A. 　the cash flow to shareholders minus the cash flow to creditors.

B. 　operating cash flow plus the cash flow to creditors plus the cash flow to shareholders

C. 　operating cash flow minus the change in net working capital minus net capital spending

D. 　operating cash flow plus net capital spending plus the change in net working capital

A. 　goal displacement.

B. 　groupthink

C. 　satisficing.

D. 　heuristics.

A. 　product variety is low

B. 　demand is predictable

C. 　contribution margins are low

D. 　product variety is high

Marketing

A. 　proliferation of on-line trading

B. 　vertical integration by the large manufacturing companies

C. 　vertical integration by the large distribution companies

D. 　proliferation of the role of wholesale dealers

A. 　the point of no return.

B. 　the law of diminishing returns.

C. 　supply and demand.

D. 　network inelasticity.

A. 　I, II and III only

B. 　II, III and IV only

C. 　II and IV only

D. 　all the above are valid reasons

A. 　Maximize current dividends per share

B. 　Maximize the current value per share

C. 　Increase cash flow and avoid financial distress

D. 　Minimize operational costs while maximizing firm efficiency

A. 　Organization is a social entity.

B. 　Organization is a goal-directed entity.

C. 　Organization does not need an identifiable boundary.

D. 　Organization can be defined as a production system.

A. 　The periodic order quantity (POQ) rule seeks to create inventory remnants.

B. 　If the POQ rule is used, an item＇s lot size can vary each time an order is placed.

C. 　The lot-for-lot (L4L) rule is a special case of the fixed-order quantity (FOQ) rule.

D. 　All lot-sizing rules seek to minimize inventory levels.

A. 　II and III only

B. 　II and IV only

C. 　III and IV only

D. 　I and III only