Which of the following is/are not true regarding inventory?
a. Inventory refers to goods and other items that a firm owns and holds for sale or for further processing as part of its operations.
b. Inventory is called "stock" in some countries.
c. When the firm sells inventory, the carrying amount of that inventory becomes an expense.
d. Inventories are a major asset for merchandising and manufacturing firms.
e. The following equation measures all quantities in physical units:
Beginning Inventory - Additions + Withdrawals = Ending Inventory
E
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Performing a detailed analysis of cost per unit and cost drivers is an essential prerequisite for using:
a. concurrent engineering b. activity-based costing c. computer-integrated manufacturing d. flexible manufacturing
The manner in which a company and its employees treat its customers when delivering the company's products or other deliverables is known as ________.
A. training B. offshoring C. outsourcing D. service
A measure of the closeness of departments that should be near each other is the?
a. Closeness density rating b. Closeness desirability rating c. Closeness directed rating d. Closeness durability rating
The disadvantages of franchising mainly affect the franchisee because the franchisor retains a great deal of control.
Answer the following statement true (T) or false (F)