Lean approaches ______.
A. focus on reducing cost
B. optimize the manufacturing process
C. eliminate waste
D. ensure conformity to ISO requirements
C. eliminate waste
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Which of the following statements concerning audit evidence is correct?
A. The cost of obtaining evidence is not an important consideration to an auditor in deciding what evidence should be obtained. B. A company's accounting data cannot be considered sufficient audit evidence to support the financial statements. C. Effective internal controls contribute little to the reliability of the evidence created within the entity. D. Appropriate evidence supporting management's assertions should be convincing rather than persuasive.
Two major methods of computing area market potential are market build-up method and multiple factor-index method. Which of these methods will Nexus Enterprises, a manufacturer of auto parts implement to estimate its market potential?
What will be an ideal response?
A central reserve asset is any holding that has value that is held by private banks in case of a liquidity crisis.
Answer the following statement true (T) or false (F)
The Equal Credit Opportunity Act makes it illegal for a lender to discriminate against a potential borrower because of race, national origin, religion, or sex, but it is permissible to treat a borrower differently if he or she is on welfare
a. True b. False Indicate whether the statement is true or false