An MRP system cannot answer the question:
A) "how much?"
B) "when?"
C) "what?"
D) "why?"
Answer: D
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All of the following statements are true except:
a. U.S. standards do not require a classified balance sheet. b. IFRS require companies to present classified balance sheets. c. Under IFRS, an unclassified balance sheet based on the order of liquidity is acceptable only when it provides more reliable information than a classified one. d. U.S. standards require a classified balance sheet with liabilities in order by size or by order of liquidity.
Management accounting provides reports that are future oriented
Indicate whether the statement is true or false
Some organizations use internal service departments to provide like services to several divisions or departments within an organization. Which of the following would probably not lend itself as a service department?
A) Inventory Control B) Payroll Accounting C) Information Systems D) Human Resources
Which of the following is one of the six main emotional roadblocks to creativity identified by James L. Adams?
a. fear b. all of these c. perceived lack of challenge d. dislike for incubating ideas