The rights and liabilities of the surety and the guarantor are substantially different.
Answer the following statement true (T) or false (F)
False
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Which of the following basic types of process structures is one in which equipment or work processes are arranged according to the progressive steps by which the product is made?
A. Continuous process B. Project C. Manufacturing cell D. Assembly line E. Work center
______ is the Chinese practice of favoring those with social connections.
A. Guanxi B. Li C. Etiquette D. none of these
A taxpayer may choose to accept a reduced market rate of return on an investment to take advantage of a tax preference associated with the investment. In such case, the taxpayer will pay a/an:
A. Excise tax B. Implicit tax C. Explicit tax D. Transaction tax
Last year National Aeronautics had a FA/Sales ratio of 40%, comprised of $250 million of sales and $100 million of fixed assets. However, its fixed assets were used at only 75% of capacity. Now the company is developing its financial forecast for the coming year. As part of that process, the company wants to set its target Fixed Assets/Sales ratio at the level it would have had had it been operating at full capacity. What target FA/Sales ratio should the company set?
A. 28.5% B. 30.0% C. 31.5% D. 33.1% E. 34.7%