Identify three common occurrences that contribute to distortions of information about what is really occurring in the supply chain
What will be an ideal response?
1. local optimization; 2. incentives (sales incentives, quantity discounts, quotas, and promotions); 3 . large lots
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Some government and not-for-profit organizations have added budgeting by objectives and/or measures of productivity to their financial reporting
Indicate whether the statement is true or false
Match the following terms with the appropriate definition.
A. A method that allocates equal amounts of an asset's cost (less any salvage value) to depreciation expense during its useful life. B. Any 12 consecutive months or 52-week period that a company adopts for its annual reporting period. C. The accounting system that recognizes revenue when cash is received and records expenses when cash is paid. D. A set of financial statements that covers less than one year, typically one, three, or six months of activity. E. Revenues earned in a period that are both unrecorded and not yet received in cash or other assets. F. The process of allocating the costs of long-term assets to the income statement over their expected useful lives. G. Aims to record expenses in the same accounting period as the revenues that are earned as a result of those expenses. H. The accounting system that uses the adjusting process to recognize revenues when earned and expenses when incurred. I. Assumes that an organization's activities can be divided into specific time periods such as months, quarters, or years.
Which of the following statements is true?
A) Inventory costs remain constant as the number of warehouses increase. B) Packaging costs increase as the number of warehouses increase. C) Material handling costs will start to rise when nonunitized loads are shipped. D) A and B are true E) A and C are true.
A union or employer seeking to bargain with the other party must notify that other party of its desire to bargain at least _____ prior to the expiration of the existing collective agreement.?
A) ?forty five days B) thirty days? C) sixty days? D) ninety days