What is the N = 2 technique?
What will be an ideal response?
The N = 2 technique is a lean acceptance sampling technique in which the first and last pieces in a shipment are inspected. If supplier documentation shows that the process is stable and capable, the shipment will conform to requirements.
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Shares of stock are issued to members of a limited liability company.
Answer the following statement true (T) or false (F)
The XYZ manufacturing company produces ball bearings. The annual fixed cost is $20,000 and the variable cost per ball bearing is $3. The price is related to demand according to the following equation:
v = 1000 - 8p. What is the optimal price of the ball bearings that will maximize the profit? A) $47.99 B) $53.99 C) $58.99 D) $63.99
In most states, a consumer is legally obligated once he has signed a contract, unless he rescinds the binding credit obligation within two to three days if the sale was solicited in his house
a. True b. False Indicate whether the statement is true or false
The break-even point is that level of activity where:
A. variable cost equals fixed cost. B. total revenue equals total cost. C. total contribution margin equals the sum of variable cost plus fixed cost. D. sales revenue equals total variable cost. E. profit is greater than zero.