Transportation may account for as much as ____ percent of the cost of reverse flow
a. 20
b. 25
c. 30
d. 35
b
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Which of the following accounting changes requires the restatement of financial statements presented for prior years?
a. A change in depreciation method from the straight-line method to the double-declining-balance method b. A change from the LIFO to the FIFO inventory valuation method c. A change from the FIFO to the LIFO inventory valuation method d. A change in the useful life used in the depreciation calculations for a company's manufacturing equipment
The ____________ board is also called the “rubber stamp” board.
a. Passive b. Engaged c. Reactive d. Operating
The opportunities from globalization are often accompanied by
A) a lack of domestic opportunities. B) the need to eliminate the accounting function. C) significant additional risk. D) the need to eliminate the logistics function.
A line balance that is 100% efficient must:
A) be using the minimum cycle time. B) be using the theoretical minimum number of work stations. C) also achieve 100% balance delay. D) be producing the theoretical maximum output.