Labor planning determines work schedules and work rules.

True False

A manufacturer negotiates a multi-year purchase contract with one of its key suppliers for items that will be delivered periodically against short-term releases to ship. The manufacturer is practicing which of the following?

	A.	hedging
	B.	cross-docking
	C.	blanket ordering
	D.	drop shipping
	E.	postponement

Consider a firm with an annual net income of $35 million, revenue of $150 million and cost of goods sold of $90 million. If the balance sheet amounts show $6 million of inventory and $1,000,000 of property, plant & equipment, how many weeks of supply does the firm hold?

	A.	5.43
	B.	0.67
	C.	4.16
	D.	6.00
	E.	3.47