Executives from several departments at Ford Motor Company were brought together recently to discuss the advantages and disadvantages of acquiring Jaguar. This type of committee is known as a(n)
A. task force.
B. standing committee.
C. liaison committee.
D. ad hoc committee.
E. matrix team.
Answer: A
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Exhibit 20-5 The Baltimore, Inc entered into a five-year lease with the Waugh Chapel Company on January 1, 2016. Baltimore, the lessor, will require that five equal annual payments of $25,000 be made at the beginning of each year. The first payment will be made on January 1, 2016. The lease contains a bargain purchase option price of $12,000, which the lessee may exercise on December 31, 2020
The lessee pays all executory costs. The cost of the leased property and its normal selling price are $95,000 and $118,236, respectively. Collectibility of the future lease payments is reasonably assured, and the lessor does not expect to incur any future costs related to the lease. Present value factors for a 7% Present value of $1 for n = 1 0.934579 Present value of $1 for n = 5 0.712986 Present value of an ordinary annuity for n = 5 4.100197 Present value of an annuity due for n = 5 4.387211 ? Refer to Exhibit 20-5. If Baltimore requires a 7% annual return, how much gross profit will Baltimore record at the inception of the lease? A) $7,505 B) $14,680 C) $16,061 D) $23,236
HNW Ltd. HNW Ltd. manufactures and sells food processors. A popular consumer magazine has recently evaluated food processors and has ranked HNW's processors as being of "poor quality". As a result, HNW's management team has begun to analyze all costs associated with their food processors in more detail, and the following data has been compiled: Scrap costs $ 80,000 Quality training 75,000
Warranty claims 100,000 Rework costs 50,000 Inspection of incoming materials 30,000 Product quality audits 60,000 Statistical process control 40,000 Refer to the HNW Ltd. information above. What are HNW's total external failure costs? A) $130,000 B) $160,000 C) $180,000 D) $100,000
A queuing model that follows the M/M/1 assumptions has ? = 3 and ? = 2. What is the average number of units in the system?
A) -3 B) 3 C) 0.667 D) 150 percent E) Growing without limit, since ? is larger than ?.
On June 15, 1982, Shirley Joyce Speers signed a "Last Will and Testament." It named her husband, Ralph Speers, as her executor. It also gave her daughter, Sherry Arlene Ross, her household furnishings and appliances, and her son, Daniel Eugene Speers, her livestock. Her husband was named the beneficiary of the rest of the estate, provided he paid the estate's expenses. If he failed to do so, his
share went to their children and grandsons. The will was probably witnessed and signed, but not notarized. The witnesses did not see any lines or strikeouts in the will when they signed it. Shirley died on April 20, 1997, and the will was found with strike-outs that eliminated the gifts to her husband. Which of the following occurs as a result? A)?The will is admitted to probate as it was originally executed. B)?The will is admitted to probate with all the terms except those that are crossed out. C)?The will cannot be admitted to probate. D)?None of the above