Please answer the questions (multiple choices)

- Animal Treats Company has 500 kg of liver-flavoured dog biscuits that are not selling well. The selling price of the biscuits could be reduced from $3.10 to $2.65 per kg. Or, they could be cheese-coated and sold for $4.25 per kg; the additional processing cost would be $0.40 per kg. Cheese-coated biscuits sell very well. Which alternative probably has less uncertainty concerning volume of sales?

a) Reduce the price of liver-flavored biscuits

b) Proceed with the cheese coating

c) Both alternatives are uncertain

d) Uncertainty does not affect this decision

- The cost of ordering is expressed as Ordering Costs = A/Q x K where K is:

a) carrying costs of the order

b) lead time required to place the order

c) difference between the number of orders and the quantity of each order

d) cost of placing an order

- In 2011, the top two motivations to explain sustainability reporting were:

a) Ethical considerations and reputation or brand

b) Reputation or brand and innovation & learning

c) Employee motivation and risk management

d) Strengthened supplier relationships and access to capital