A management concept that seeks to uncover and eliminate waste in business activities is called:
A. Lean business model.
B. Customer orientation.
C. Just-in-time.
D. Theory of constraints.
E. Continuous operations.
Answer: A
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Feathertouch Company sold merchandise worth $1,600 on credit, terms n/15. The merchandise sold had cost $1,100. What is the required journal entry to record the transaction and to transfer the cost of merchandise inventory to cost of goods sold under the periodic inventory system? A) Accounts Receivables 1,600 Sales 1,600No entry for transfer to cost of goods sold
B) Sales 1,600 Accounts Receivables 1,600Merchandise Inventory 1,100Cost of Goods Sold 1,100 C) Accounts Receivables 1,600 Merchandise Inventory 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100 D) Merchandise Inventory 1,600 Sales 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100
How are period expenses recognized and measured?
Susan teaches many individuals and business professionals how and why social media are used, as well as what the benefits and challenges are to using social media. Of the four ebusiness challenges, which of the following is the most crucial challenge to consider before engaging in social media?
A. Adhering to taxation rules B. Ensuring consumer protection C. Identifying limited market segments D. Managing consumer relationships
Some states have a law that requires payment of the face amount of insurance to the insured if a total loss to real property occurs from a peril specified in the law. These laws are called
A) agreed amount laws. B) replacement cost laws. C) homestead laws. D) valued policy laws.