A critical path consists of ______.

a. activities that are important
b. activities that are time-consuming
c. activities that have zero slack
d. activities that have some slack


c. activities that have zero slack

Business

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On the statement of cash flows, a $7,500 gain on the sale of fixed assets would be

a. added to net income in converting the net income reported on the income statement to cash flows fromoperating activities b. deducted from net income in converting the net income reported on the income statement to cash flows fromoperating activities c. added to dividends declared in converting the dividends declared to the cash flows from financing activitiesrelated to dividends d. deducted from dividends declared in converting the dividends declared to the cash flows from financingactivities related to dividends

Business

When a voucher system is used, an invoice approval is not needed as long as the purchase is evidenced by an invoice and purchase order.

Answer the following statement true (T) or false (F)

Business

A warranty can be given only at the time a product is purchased

Indicate whether the statement is true or false

Business

Assume that Jessie and Lester have formed a contract whereby Jessie agrees to deliver 10,000 dozen "Grade A Large Eggs" to be shipped in paper cartons. A shortage of paper makes paper cartons much more expensive, so Jessie uses styrofoam cartons and ships the eggs. Lester is entitled to cancel the contract based on a material breach of the contract.

Answer the following statement true (T) or false (F)

Business