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A company that manufactures rubber balls wishes to discontinue production and move into the golf ball industry. Consider the following steps in the disposition of the current inventory of rubber balls:
I. Dispose of the rubber balls per local regulations
II. Sell the rubber balls on the open market
III. Grind up the rubber balls and donate the material for a playground in the community
IV. Work with engineering to determine if the rubber can be used in the new golf ball line
In order to maximize recovery of its investment, which of the following is the BEST order for the application of these steps (from first to last)?
A company saves packaging from incoming shipments and utilizes the cartons to sort parts and pad outgoing pallets. This can BEST be described as
PQR, Inc. produces office supplies for big box retailers. This is a highly competitive market and the requirement for maintaining a continuous inventory of product for retailers is a high priority for PQR. Recently, the firm experienced shipping delays from overseas suppliers. Which of the costs associated with shortages would be MOST critical for PQR?