1. Should Every Corporation Be Required to Have An Ethics Audit From An Outside Firm Just as Each is Required to have a Financial Audit?
2. List the five modes of transportation and for each mode, provide a brief description of the kinds / types of cargo that are typically transported via that mode.
3. T-mart logistics manager needs to order repetitively for one of its staple items. The product demand rate is uncertain in nature, so he considers applying the EOQ-based Reorder Point Control for a Single Item under Uncertainties. The MONTLY demand for the product likely follows a normal distribution, with a mean of 100 units and standard deviation of 20 units. The item value is C=$10/unit, while the inventory carrying charge is I = 20%/year based on the value of the item. Ordering cost is S=$40/order, with a fixed lead time LT=0.25 month. Based on this method, the appropriate reorder quantity (Q) should be
a. 100 units
b. 120 units
c. 138 units
d. 200 units
e. 219 units