Any asset that loses value over time is perishable
Indicate whether the statement is true or false.
Answer: TRUE
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The data used to calculate the order point include all of the following except:
a. the costs of placing an order. b. the rate at which the material will be used. c. the estimated time interval between the placement and receipt of an order. d. the estimated minimum level of inventory needed to protect against stockouts.
Which of the following systems provides for a separate record of the cost of each particular quantity of product that passes through the factory?
A) Job order cost system B) General cost system C) Replacement cost system D) Process cost system
What did George Ritzer term the application of goal-oriented rationality to all areas of human life?
a. Rationalization b. Colonization c. McDonaldization d. Globalization
Jose Lopez was a senior vice president of design for a major electronics company Data Inc In his employment contract it stated that he must give Data Inc 6 months' notice if he was leaving
Data Inc was in financial trouble and Jose was offered the job as vice president of a competitor, Software Ltd. so he gave Data Inc 2 months' notice he was leaving. Data Inc was furious and as a result has decided to sue Jose. As a result which of the following statements is FALSE? A) Data Inc. can be awarded damages but it cannot force Jose to come back and work for Data Inc. B) Jose can be liable for wrongful resignation C) Software Ltd. can be liable for inducing breach of contract D) Jose Lopez owed Data Inc. a fiduciary duty E) Jose Lopez can be forced to return to work for Data Inc. for 4 more months