A work center is ______.
A. a part of a production facility where all activities related to particular phase of the production process (such as assembly, milling, and grinding) are performed
B. where repetitive activities related to production are performed
C. the location within a production facility where high-skilled workers complete a specific task in production
D. the central area in a production facility for planning work requirements
A. a part of a production facility where all activities related to particular phase of the production process (such as assembly, milling, and grinding) are performed
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________ are consumer products for which a consumer either has little awareness or interest until a need arises. These products require a lot of advertising, personal selling, and other marketing efforts
A) Specialty products B) MRO products C) Unsought products D) Shopping products E) Staple products
________ is the fraudulent conversion of property by a person to whom that property was entrusted.
A. Embezzlement B. Bribery C. Forgery D. Extortion
Chrissy and Devon are not married to each other, but they share the ownership of Elm Street Offices, a commercial building. When they acquired the building, they agreed in writing that if one dies, the other inherits his or her interest. Are Chrissy and Devon concurrent owners? If so, in what type of concurrent ownership are their rights held? If not, how is their ownership classified? Fagin leases an office in the Elm Street building for a one-year term. If Fagin moves out before the end of the term of the lease, what happens to the leased property?
What will be an ideal response?
Burrough Corporation paid $80,000 to acquire all of Helyar Company's net assets. Helyar reported assets with a book value of $60,000 and fair value of $98,000 and liabilities with a book value and fair value of $23,000 on the date of combination. Burrough also paid $3,000 to a search firm for finder's fees related to the acquisition. What amount will be recorded as goodwill by Burrough Corporation while recording its investment in Helyar?
A. $8,000 B. $0 C. $5,000 D. $13,000