The death of a majority shareholder terminates a corporate enterprise
Indicate whether the statement is true or false
False
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________ is the problem confronting the decision maker. It asks what the decision maker needs to do
A) The environmental context of the problem B) The management decision problem C) The marketing research problem D) Problem definition
Direct inputs into an MRP system include all of the following except?
a. Inventory/leadtime information b. Master production schedule c. Demand forecasts d. Bill of materials
A contingency was evaluated at year-end and considered to have a reasonable possibility of becoming an actual liability. If this was not reported in the notes to the financial statements, what is the effect on the financial reporting of the company?
A) There would be no effect. B) The liabilities on the balance sheet would be understated. C) The information about the transaction would be inadequately disclosed in the notes. D) The net income of the company would be understated.
A drawback of short-term contracting as an alternative to making a component in-house is that
A. it fails to allow a long planning period that individual market transactions provide. B. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. C. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. D. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.