All of the following are considered advantages of a just-in-time inventory system, except:
A. Minimized idle production facilities and workers
B. Reduced dependence on suppliers
C. Reduced raw material storage costs
D. Reduced work-in-process inventories
Answer: B
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Which of the following would generally not be patentable?
A. An engine that runs on water. B. A mathematical formula that allows one to calculate the gross national product. C. A new business method that streamlines and improves production. D. A business process that changes water into wine.
The matching rule
A) results in the recording of a known amount for bad-debt losses. B) necessitates the recording of an estimated amount for bad debts. C) requires that all bad-debt losses be recorded when an individual customer defaults. D) is violated when the allowance method is employed.
Bonds that can be redeemed at par at the option of their holders either at specific date after the date of issue and every 1 to 5 years thereafter or when and if the firm takes specified actions such as being acquired, acquiring another company, or
issuing a large amount of additional debt are called ________. A) zero coupon bonds B) junk bonds C) floating-rate bonds D) putable bonds
To avoid paying the higher corporate tax to a foreign government, the rule states that a multinational could set the transfer price for its goods entering the country for sale to an affiliate as ________ as possible to lower tariff payments
A) low B) high C) neutral D) proportional