Making global supply chains lean ______.

a. is difficult because it requires coordination to establish the rapid flow of goods and information
b. is easy because annual deliveries required for JIT inventory management are easy to achieve
c. is inexpensive because there is no need for safety stock
d. reduces the need for quality control


a. is difficult because it requires coordination to establish the rapid flow of goods and information

Business

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What is the unit product cost for the year using variable costing?

Betsy's Pies, Inc. has provided the following financial information for the year:

A) $76
B) $15
C) $60
D) $62

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If the effect of the credit portion of an adjusting entry is to increase the balance of a liability account, which of the following describes the effect of the debit portion of the entry?

A) increases the balance of a contra asset account B) increases the balance of an asset account C) decreases the balance of an owner's equity account D) increases the balance of an expense account

Business

If a country's freely floating currency is undervalued in terms of purchasing power parity, its capital account is likely to be

A) in deficit or tending toward a deficit. B) in surplus or tending toward a surplus. C) subsidized by the International Monetary Fund. D) a candidate for loans from the World Bank.

Business

A traded option contract creates a legal right to buy or sell assets at a set price before a certain date

Indicate whether the statement is true or false

Business