Which of the following is false regarding concealed damage?
a. A user may discover concealed damages after opening a shipping container
b. Responsibility for concealed damage is often difficult to establish.
c. The carrier may blame the supplier or maintain that the damage occurred after delivery of the material.
d. The supplier may maintain total innocence and implicate the carrier.
e. The bill of lading protects the carrier against charges of concealed damage.
e
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Underfoot Constructions is an organization with a distinct division of labor and a consistent set of rules. Managers conduct business in an impersonal way and do not socialize with subordinates outside of work. Which of the following terms best describes this firm?
a. Corporation
b. Bureaucracy
c. Conglomerate
d. Technocracy
Using the accounts receivable aging method, estimated uncollectible accounts are $40,000. If the balance of the Allowance for Uncollectible Accounts is an $8,000 debit before adjustment, what is the balance after adjustment?
A) $8,000 B) $32,000 C) $40,000 D) $48,000
Ronn Industries Ronn Industries reported net income of $95,000 for 2012. Early in 2013, Ronn discovered that its 2012 ending inventory was overstated by $5,000. Refer to the information provided for Ronn Industries. Determine the effects of the inventory errors for 2012
A) Assets and equity would have been overstated by $5,000 on the balance sheet; expenses and net income would have been understated by $5,000 on the income statement. B) Assets and equity would have been overstated by $5,000 on the balance sheet; expenses would have been overstated by $5,000 on the income statement, thus net income would have been understated by $5,000. C) Assets and equity would have been understated by $5,000 on the balance sheet; expenses would have been overstated by $5,000 on the income statement, thus net income would have been understated by $5,000. D) Assets and equity would have been overstated by $5,000 on the balance sheet; expenses would have been understated by $5,000 on the income statement, thus net income would have been overstated by $5,000.
_____ is any potential disruption that threatens a supply chain's efficient and effective operations
a. Supply chain integration b. Supply chain resiliency c. Supply chain sustenance d. Supply chain risk