What is the fundamental distinction between design capacity and effective capacity? Provide a brief example
What will be an ideal response?
Design capacity is the theoretical maximum output of a system in a given period under ideal conditions. Effective capacity, on the other hand, is the capacity that a firm expects to achieve given the current operating constraints. Effective capacity is often lower than design capacity because the facility may have been designed for an earlier version of the product or a different product mix than is currently being produced. Most firms operate at less than design capacity because they don't want to be stretching their resources to the limit. As an example, a restaurant might have 100 seats, but it only opens up 60 every night because it cannot find enough qualified servers.
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Which of the following is not covered by the Fair Debt Collections Practices Act?
a. an attorney collecting for a client b. a collection agency with one exclusive client c. a hospital using its collection department to collect fees from patients d. an attorney collecting on a contingent fee basis e. All of the above are covered under the FDCPA.
What is the purpose of appointing an idea manager?
What will be an ideal response?
The ability to refinance short-term obligations on a long-term basis can be demonstrated if the company has already refinanced those obligations after the date of the balance sheet but before it is issued
Indicate whether the statement is true or false
Activity-based management is useful for both strategic planning and operational decision making
Indicate whether the statement is true or false