On the income statement, a service company reports the cost of merchandise inventory that has been sold to customers
Indicate whether the statement is true or false
FALSE
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Which of the following best describes the term "retained earnings"?
a. The amount of total profits earned by a business since it began operations. b. The amount of interest or claim that the owners have on the assets of the business. c. The future economic resources of a business entity. d. The cumulative profits earned by the business less any dividends distributed.
Answer the following statements true (T) or false (F)
1.You must be willing to question the other person’s motives and behavior openly. 2.If we perceive our goals to be at odds, we are more likely to display competitive mind-sets. 3.Healthy relationships depend on the problem-solving abilities of the individuals involved. 4.Support and acceptance encourage trust and honesty. 5.One positive side to digital communication is the potential for each person to reveal the other’s secrets should the relationship turn dark or end.
To create an objective tone, avoid personal pronouns
Indicate whether the statement is true or false.
In a JIT system, reducing throughput time is possible because:
a. there are fewer materials used in the process. b. there are more workers involved in the process. c. there are more supervisors, so a better job is done of directing plant activities. d. there are fewer operations such as moving and storing inventories that do not add value to the product.