Which of the following is the reason companies use standard costs
A. to set sales prices of products and services
B. to ensure the accuracy of the financial records
C. to enhance customer loyalty
D. to share best practices with other companies
Answer: A. to set sales prices of products and services
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Which formula is equivalent to the array formula in cell B6?
a) =B2+B3+B4
b) =B2+B4+B5
c) =C2*D2+C3*D3+C4*D4+C5*D5
d) =B2*D2+B3*D3+B4*D4+B5*D5
e) =B2*C2+B3*C3+B4*C4+B5*C5
Assume you and your supervisor discussed a project that you will begin soon. The supervisor identified the problem to study and the purpose of the study but asks that you prepare a proposal before beginning the work. What factor can you safely exclude from the proposal?
a. Definition of problem and purpose b. Delimitations c. Estimate of resources needed d. Limitations
Which one of the following scenarios represents the use of a kanban to reduce inventories?
A) A supervisor tells the operators to stay busy and start producing parts for next month. B) A "supplier" work center signals the downstream workstation that a batch has been completed. C) A supervisor signals to several work centers that the production rate should be changed. D) A "customer" work center signals to the "supplier" workstation that more parts are needed. E) An operator asks the next station's operator to help him fix his machine.
Mary, a human resource coordinator, has to chair a meeting for company supervisors. She writes down the purpose of the meeting, the location, the date, the starting and ending times, and the major topics to be covered. Mary has prepared a(n) ________.
A. agenda B. report C. manual D. norm