Which type of manufacturing/customization is illustrated by production of crude oil, chemicals, and consumer products such as sugar, flour, and salt?

A. make-to-stock
B. make-to-order
C. assemble-to-order
D. engineer-to-order


A. make-to-stock

Business

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During a year-end evaluation of the financial records of the Matthew Company for the year ended December 31, 2016, the following was discovered: · Inventory on January 1, 2016, was understated by $6,000. · Inventory on December 31, 2016, was understated by $18,000. · Rent of $20,000 collected in advance on December 29, 2016, was included in income for 2016. · A probable, reasonably estimated

contingent liability of $30,000 was not recorded as of December 31, 2016. Net income for 2016 (before any of the above items) was $250,000. What is the corrected amount of net income for 2016? (Ignore income taxes.) A) $300,000 B) $208,000 C) $212,000 D) $218,000

Business

Sales return involves receiving, sales, credit, and billing departments, but not accounts receivable

Indicate whether the statement is true or false

Business

Under the stakeholder model, a derivative of the social contract theory, a corporation has fiduciary responsibilities to more than just its stockholders

a. True b. False Indicate whether the statement is true or false

Business

Scott has ranked his employees from the highest performer to the lowest performer demonstrating his understanding of alternation ranking.

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

Business