Explain why a bottleneck limits system output
What will be an ideal response?
A bottleneck, by definition, is a process that has less capacity than all other processes in the system. Just as a chain is as strong as its weakest link, the rest of a production system can produce only as much as the slowest process. The bottleneck limits capacity by serving to slow the rest of the system down. Running all other processes at their maximum capacity will result in inventory buildup in front of the bottleneck.
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Mullis Company sold merchandise on account to a customer for $705, terms n/30. The journal entry to record this sale transaction would be:
A. Debit Cash of $705 and credit Accounts Receivable $705. B. Debit Accounts Receivable $705 and credit Cash $705. C. Debit Accounts Receivable $705 and credit Sales $705. D. Debit Sales $705 and credit Accounts Receivable $705. E. Debit Cash of $705 and credit Sales $705.
Using the practice of ________, a product's price can easily be adjusted to meet changes in the marketplace
A) captive pricing B) dynamic pricing C) promotion pricing D) price bundling E) price lining
A (n) ______ communication is one in which the mass of the message is vested in the explicit code.
A. low-context B. high-context C. ambiguous D. cultural
What is the probability that a product will function properly for a specified time under stated conditions?
A) functionality B) maintenance C) durability D) reliability E) fitness for use