Does a conversion process occur in manufacturing companies only? Why or why not?
Answer to relevant QuestionsDifferentiate between a bill of materials and an operations list. What are the conversion responsibilities of the maintenance and control, inventory control, inventory stores, and human resources departments? Price discounts are commonly used in the business world as incentives for customers. How is it that this practice (or its misuse) may be deemed unethical?List and describe each activity within the Planning component of the Logistics function.Explain how the over-production of inventories can be seen as unethical in an absorption costing environment.
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