Holly is a business consultant who assists new companies in writing business plans. What type of manufacturing operation would Holly's business be considered and what are important characteristics for operational success?
What will be an ideal response?
Holly's business is using project manufacturing since she creates unique but similar products i.e. the business plans. This type of operation has to be highly flexible to meet the requirements of the job and the demands of customers. However, because of the similarity involved, Holly can achieve operational efficiencies by using manufacturing methods.
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If a company uses the allowance method of accounting for bad debts, which one of the following statements is true?
a. It will report accounts receivable in the balance sheet at their net realizable value b. It will record bad debts only when an account is determined to be uncollectible. c. It will reduce the accounts receivable at the end of the accounting period for estimated uncollectible accounts. d. It violates the matching principle.
Which of the following would be most useful if a firm has an immediate objective to achieve?
A) public relations activities B) sales promotions C) out-of-home media D) sponsorships E) product placement
Stefano transfers copyrighted music recordings, without the copyright owners' authorization, to his friends. This is
a. copyright infringement. b. a license. c. a safe harbor. d. none of the choices.
The stock of Plomb Co. falls sharply on news that its CEO has drowned in a boating accident while on vacation. This is an example of
A) liquidity risk. B) event risk. C) accidental risk. D) flotation risk.