Which of the following is a lean initiative that is consistent with sustainability practices?
A. increase in waiting time
B. less excess inventory
C. increased frequency of quality inspections
D. employing more quality control personnel
B. less excess inventory
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Ryan and Peter share profits in the ratio 3:2. They have decided to liquidate the partnership. The accounts payable were settled at $17,000 due to the poor financial condition of the partnership firm. As a result, Ryan's capital account will be credited by ________.
The balance sheet of Ryan and Peter's partnership as of December 31, 2018, is given below.
A) $10,200
B) $9000
C) $1800
D) $3000
According to the EPQ model, the larger the quantity produced from each production setup ______.
A. the fewer the production runs are needed to meet demand requirements and the smaller will be the total annual setup cost B. the more the production runs are needed to meet the demand requirements and the smaller will be the total annual setup cost C. the fewer the production runs are needed to meet the demand requirements and the higher will be the total annual setup cost D. the more the production runs are needed to meet demand requirements and the higher will be the total annual setup cost
If identified goods to a sales or lease contract are totally destroyed without the fault of either
party before the risk of loss passes to the buyer or the lessee, the seller is liable for any increase in the price of substitute goods purchased by the buyer. Indicate whether the statement is true or false
Felicia, an elderly woman, does not speak or read English well. Felicia is a recent immigrant to this country. A dishonest immigration officer tells Felicia to sign several documents as being necessary to maintain her legal immigration status. Unknown to Felicia, she signs a promissory note. The immigration officer thereafter sells the note to Neighborhood Bank, a holder in due course, who goes
after Felicia for payment of the note. Felicia's defense to the Neighborhood Bank is a. fraud in the inducement; a real defense. b. fraud in the execution; a real defense. c. unauthorized completion; a personal defense. d. breach of contract; a real defense.