Which of the following describes longitude?
A. A satellite-based navigation system providing extremely accurate position, time, and speed information.
B. Use plastic or conductive polymers instead of silicon-based microchips, allowing them to be washed or exposed to water without damaging the chip.
C. A device that measures the acceleration (the rate of change of velocity) of an item and is used to track truck speeds or taxi cab speeds.
D. An east/west measurement of position.
Answer: D
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Fill in the blank(s) with the appropriate word(s).
Wright Company has available-for-sale debt securities that it had originally acquired at part for $110,000. On December 31, 2017, the securities had a market value of $108,000. The market value rose to $123,000 by December 31, 2018. What accounting action is required on December 31, 2018?
A) Allowance for Change in Fair Value of Investments should be credited for $15,000. B) Unrealized Holding Gain/Loss-Available-for-Sale Securities should be debited for $13,000. C) Allowance for Change in Fair Value of Investments should be debited for $15,000. D) Unrealized Holding Gain/Loss-Available-for-Sale Securities should be credited for $13,000.
Which types of quality costs are incurred in the course of inspecting, identifying, and isolating defective products and services before they reach the customer?
A) Appraisal (detection) costs B) Prevention costs C) External failure costs D) Internal failure costs
Performance measurements, also known as ________, allow companies to assess whether or not they are doing a good job servicing their customer.
Fill in the blank(s) with the appropriate word(s).