Which type of facility layout is correctly matched to its description?
A) process layout: work grouped by function
B) process layout: equipment and labor transported to production site
C) product layout: the assembly line arrangement
D) fixed position layout: work grouped by function
E) fixed-position layout: the assembly line arrangement
Answer: C
Explanation: C) In the product layout, equipment and tasks are arranged into an assembly line—a sequence of steps for producing a single product.
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If the auditor is performing substantive procedure to determine whether the long-lived asset balance is reflected on the balance sheet in the noncurrent section, which of the following assertions is being tested?
a. Existence. b. Completeness. c. Presentation and Disclosure. d. Rights and Obligations.
All of the following are examples of internal control activities except
a. rotation of key personnel. b. company picnics for all employees. c. bank reconciliations. d. insistence that employees take earned vacations.
A legitimate opportunity may arise for a negotiator due to the other party's excess inventory.
Answer the following statement true (T) or false (F)
________ picketing is a type of picketing in which a union tries to bring pressure against an employer by picketing the employer's suppliers or customers.
A. Secondary boycott B. Supplier grievance C. Customer informational D. Derivative protest