Which of the following statements about variances is false?
a. Standards that provide for no inefficiency of any kind are called ideal standards.
b. Ideal standards will quite often produce favorable variances.
c. Another name for ideal standards is theoretical standards.
d. Both favorable and unfavorable variances should be investigated.
b
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A ________ is an unconditional promise to perform.
A. parol evidence B. covenant C. condition subsequent D. rescission
Which of the following is an advantage of the postponement technique?
A) reduction in automation B) early customization of the product C) better quality of the product D) reduction in training costs E) reduction in inventory investment
Queuing discipline refers to:
A) the reason waiting occurs in underloaded systems. B) the willingness of customers to wait in line. C) the order in which customers are processed. D) how constant the interarrival times are.
Just-in-time delivery reduces storing and handling costs for business customers.
Answer the following statement true (T) or false (F)