What type of storage system is best suited for a Just in Time environment?
A) floating location
B) bulk location storage
C) point-of-use storage
D) zone method
E) central storage
C
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According to the needs hierarchy theory, basic human needs such as food, sleep, and water are examples of ________ needs
A) physiological B) safety C) ego D) social
The general ledger shows a balance of $66,400 in the Merchandise Inventory account at the end of the period. The physical inventory count shows inventory of $63,000. The adjusting entry includes a ________
A) debit to Cost of Goods Sold and a credit to Merchandise Inventory for $3,400 B) debit to Cost of Goods Sold and a credit to Cash for $3,400 C) debit to Merchandise Inventory and a credit to Cost of Goods Sold for $3,400 D) debit to Merchandise Inventory and a credit to Cash for $3,400
When 1,000 shares of $3 stated value common stock is issued at $18 per share, ________
A) Common Stock - $3 Stated is credited for $18,000 B) the account titled Paid-In Capital in Excess of Stated is used to record the issue price of the stock C) the difference between the issue price and the stated value is credited to Paid-In Capital in Excess of Stated D) the accounting is exactly the same as the accounting for par value stock
An agent is personally liable for the torts he commits while in the scope of his employment
Indicate whether the statement is true or false