List and discuss briefly the three standards of attainability
Expected standards reflect what is actually expected to occur in the future period. This standard takes into consideration waste and inefficiencies and makes allowances for them.
Practical standards can be reached or exceeded most of the time with reasonable effort. This standard allows for normal, unavoidable time problems or delays.
Ideal standards provide for no inefficiencies of any type. This standard does not allow for normal operating delays or human limitations.
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If a bank pays a check after it is given a stop-payment order and has to reimburse its customer for the improperly paid check, ________.
A. it acquires partial rights of its customer against the person to whom it originally made payment B. it acquires all the rights of its customer against the person to whom it originally made payment C. the customer to whom payment was made will retain all the rights D. it will not acquire the rights arising from the transaction on which the check was based
The use of information technology (e.g., email) has increased in recent years in many organizations. This has helped to
A. create smaller social networks. B. increase social capital. C. restrict social network growth. D. make more effective use of time in every situation.
Projected sales price minus a reasonable profit equals
a. the standard cost. b. contribution margin. c. projected Cost of Goods Sold. d. target cost.
Which ERP application add-on module is responsible for communicating the manufacturing plan from the ERP to the shop floor?
a. Financial Management b. Supplier Management c. Production Management d. Logistic Management