Highly centralized supply chains produce higher short-term costs, but also lower long-term risk protection.
Answer the following statement true (T) or false (F)
False
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Which of the following suggested bases of recognizing revenue is not permitted by authoritative literature?
a. During production for long-term construction contracts if reliable estimates of the extent of progress and of the cost to complete can be made and if reasonable assurance of collectibility exists. b. At the completion of production if immediate marketability at a quoted price exists for a product whose units are interchangeable. c. On an accretion basis where product marketability at known prices exists and it is desirable to recognize changes in assets, such as growing timber. d. On a cash basis if no reasonable basis exist for estimating collectibility.
________ is a process strategy based on a product-oriented production process that uses modules
Fill in the blanks with correct word
The three cost elements ordinarily included in product costs are direct materials, direct labor, and manufacturing overhead.
Answer the following statement true (T) or false (F)
Got Milk?Just because consumers live in a big city doesn't mean they can't have fresh milk right from the farm. Many dairy farms, such as Oberweis Dairy and Smith Brothers Farms, offer home delivery of fresh milk, just like in the old days. While some of these services are established and have been around since the 1920s, New York City-based Manhattan Milk started up in 2008. For $20 or more, depending on what is ordered, consumers anywhere in Manhattan can enjoy organic milk, butter, yogurt, and cheese from Pennsylvania Amish farms and eggs from Vermont. Unlike most store-bought milk, theirs is unhomogenized and free from hormones typically given to cows to produce more milk.Refer to Got Milk? Manhattan Milk has a high _____ quality because its quality can only be assessed
after its use. A. experience B. credence C. cognitive D. search E. perceptual