The primary objective of managing waiting lines is to ______ throughout any service or manufacturing facility.
A. maximize total costs
B. minimize total costs
C. maximize total time
D. minimize production volume
B. minimize total costs
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In what ways does arbitration take place?
What will be an ideal response?
Which of the following best qualifies as a firm's internal stakeholder?
A. a competitor manufacturing the same products as that of the firm B. a labor union with whom the firm's employees can affiliate C. a manager taking care of the firm's operations in a foreign market D. an auditor assigned to the firm by a federal government agency
Which of the following key planning elements should provide a competitive advantage that can be defended?
A. opportunity B. context C. risk and reward D. people E. competition
Jansen Inc. acquired all of the outstanding common stock of Merriam Co. on January 1, 2017, for $257,000. Annual amortization of $19,000 resulted from this acquisition. Jansen reported net income of $70,000 in 2017 and $50,000 in 2018 and paid $22,000 in dividends each year. Merriam reported net income of $40,000 in 2017 and $47,000 in 2018 and paid $10,000 in dividends each year. What is the Investment in Merriam Co. balance on Jansen's books as of December 31, 2018, if the equity method has been applied?
A. $276,000. B. $344,000. C. $286,000. D. $295,000. E. $324,000.