What effect has the introduction of CAD and CAM had on production?
What will be an ideal response?
The introduction of CAD and CAM into the production process has dramatically improved the process of producing goods. Their introduction has reduced the time between design and manufacturing. A cost savings is gained when the time to produce a good is reduced. CAD and CAM have also opened the doors to more advanced use of automated machinery.
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Too many cash cows means considerable revenue generation but no future
Indicate whether the statement is true or false
Quentin wants to reward his employees while also raising equity in his small business. By doing this, he will be able to keep control of the business until the time comes to hand over the reins to his eligible employees. Quentin has decided to start ______.
A. merit pay system B. profit sharing C. gainsharing D. an employee stock ownership plan
Budget slack is a condition in which
a. demand is low at various times of the year. b. excess machine capacity exists in some areas of the plant. c. there is an intentional overestimate of expenses or an underestimate of revenues. d. managers grant favored employees extra time off.
Since a stock split changes information of a business, this transaction needs to be recorded
Indicate whether the statement is true or false