Which of the following is not a trend in operations management?
A)
Operations are being centralized.
B)
Operations are being offshored.
C)
Operations are now integrated into the application delivery process.
D)
All of the above
C
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The master budget includes individual budgets for sales, production or merchandise purchases, various expenses, capital expenditures, and cash.
Answer the following statement true (T) or false (F)
Companies that manufacture identical items through a series of uniform production steps use ________ to determine the cost per unit produced.
A) a process costing system B) a job order costing system C) both of the above systems D) neither of the above systems
Failure to record depreciation expense will overstate assets and understate expenses.
Answer the following statement true (T) or false (F)
A time of declining economic activity when businesses decrease production, unemployment rises, and many consumers have less money to spend is referred to as
A. deflation. B. inflation. C. a depression. D. a recession. E. prosperity.