Why does a service organization not need to prepare a production budget or a cost of goods sold budget?
What will be an ideal response?
A service organization doesn't carry a product in inventory-the service is consumed immediately. A production budget isn't needed since there are no beginning or ending inventories, although labor and overhead budgets would be necessary. A cost of goods sold budget is not needed for the same reason-there is no product in inventory.
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A) stock-keeping unit B) wholesaler C) retail outlet D) warehouse E) showroom
______ are visual tools that can be used to make decisions in intermittent processes.
a. Gantt charts b. Assignment methods c. Pie charts d. Milestone charts
The Internet Architecture Board (IAB) provides strategic direction and guidance to the IESG and the ________
A) IANA B) FCC C) ANSI D) IETF
A subjective performance measure is one where:
A. different people will agree as to the appropriateness of a measure. B. different managers will calculate a measure the same. C. different managers will view the facts and come to different conclusions. D. different people will agree as to the method to calculate the measure.