Bee Hive Honey, LLC's members include Chad. For purposes of suing and being sued, Bee Hive Honey is
A. an aggregate of Chad and the other members.
B. a natural person in the members' "family."
C. a legal entity apart from the owners.
D. a non-participating third party.
Answer: C
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The critical path in a PERT chart represents:
A. The most important tasks of the whole project. B. The path of processes that is critical for system adoption. C. The tasks that must be completed without errors. D. The longest path of tasks needed for project completion.
What should determine whether an allocation base is a good cost driver?
A) Whether or not the base can be measured in terms of "hours". B) Whether or not the base can be applied plantwide. C) Whether or not the base is unique to the overhead being allocated. D) Whether or not there is a cause-and-effect relationship between the base and the overhead cost.
Which of the following is NOT true of a fixed-position layout?
a. The product remains stationary in the plant. b. The resources are brought to the product’s location. c. It works well for project-type processes such as shipbuilding. d. It is also referred to as a straight-line layout.
If proof-of-concept testing is successful and the customer accepts the proof-of-concept project, the project proceeds toward project close down
Indicate whether the statement is true or false