Which of the following underlying assumptions for the conceptual framework is the reason the dollar is used in the preparation of financial statements?

A) Economic entity
B) Continuity
C) Time period
D) Monetary unit


D

Business

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Resource use in a manufacturing process is typically uneven, and in order to achieve a balanced flow of work through the process, the bottleneck resource should be controlled. This is the basic principle of ______.

a. computerized short-term scheduling b. theory of constraints c. Johnson’s rule d. priority rule

Business

Quality planning and work performance information are outputs of the quality assurance process

Indicate whether the statement is true or false

Business

Which of the following is a drawback of pursuing a transnational strategy?

A. It exposes a firm to diseconomies of scale and location. B. It involves locating all key business activities in the home country headquarters. C. It creates bottlenecks for global learning. D. It requires a global matrix structure, which is difficult to implement.

Business

________ qualities are characteristics of a product consumers may find impossible to evaluate even after purchase and consumption.

A. Perceptual B. Credence C. Cognitive D. Search E. Experience

Business