Job shops are best suited for
A. short production runs.
B. long production runs.
C. special-purpose equipment.
D. standardized products.
Answer: A
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When an asset is sold, a gain is calculated as the difference between
a. sale price and the depreciable cost of the asset sold. b. sale price and the carrying value of the asset sold. c. carrying value and the residual value of the asset sold. d. sale price and the original cost of the asset sold.
Consensus is the collective opinion of a group, even though each member may not agree with every aspect of the decision
Indicate whether the statement is true or false
Generally, the higher a firm’s inventory turnover ratio is, ______.
A. the more time its inventory spends in storage B. the more efficient the firm’s use of the inventory is C. the more the inventory is in the warehouse D. the lower the demand for the firm’s products is
A report by Business for Social Responsibility state that our global footprint now exceeds the world’s capacity to regenerate by about ________ percent, and if our current demands continue, by ___ we will need the equivalent of two planets to maintain our lifestyles.
a. 30, 2030 b. 30, 2025 c. 40, 2035 d. 40, 2025