For sequencing N jobs through two machines, processes, or work centers in the same order, _________ provides the most efficient method.
a. priority rules
b. Johnson’s rule
c. batch rule
d. process rule
b. Johnson’s rule
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The bonds payable account would be classified as a(n)
a. current liability. b. adjunct-liability. c. contra-liability. d. long-term liability.
Backflush costing eliminates the need to make journal entries during the period to track cost flows through the production process as the product is made
Indicate whether the statement is true or false
Which of the following represents one of the existing trends for small business start-ups?
A. Numerous? small-business tax incentives B. Less competition C. Emergence of? e-commerce D. Less government regulation
Which of the following statements about decision-making is true?
A) Risk should not be taken into account. B) Objectives should be quantitative and not qualitative. C) Opportunity cost should be considered. D) Sunk costs should usually be taken into account.