Excess capacity may exist because there is ________ demand for what a firm can produce or there's ________ competition.
A. high; no
B. high; too much
C. little; too little
D. no; too little
E. little; too much
Answer: E
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Reversing entries should be made for any adjusting entry that adjusts the ending balance of an existing balance sheet account
Indicate whether the statement is true or false
It is not necessary to provide an area on the performance report for a manager's reasons for variances
Indicate whether the statement is true or false
The Acme Global organization tries to be a good neighbor to the people who live and work in the cities where the organization’s plants are located. In one neighborhood, citizens asked Acme Global to reveal the location of all its suppliers. When it was discovered that Acme Global used suppliers who were 1,000 miles from the plant, the citizens asked Acme Global to consider using more local suppliers. Acme Global agreed and found similar suppliers closer to its plant. This represents the influence of _______ in the external environment on the organization.
A. suppliers B. society C. technology D. competition E. governments
Which of the following statements regarding lean enterprises is true?
a. lean manufacturing refers to making only those items in demand by customers and making those items without waste. b. Learn enterprise put pressure on their entire value chain to minimize waste, maximize quality, eliminate actvities and add product cost but not value and shorten delivery lead time for products and services. c. lean enterprises emphasize an organizations ability to leverage technology and train employees. d. All of the above statements are true.