Rough-cut capacity planning (RCCP) is the ______.
A. process of doing a detailed comparison of the available capacity and required capacity
B. rough check of production plans and schedules to determine whether the required capacity and available capacity are in balance
C. process of analyzing a facility’s existing capacity relative to its weekly production schedules
D. analysis of projected capacity requirements to meet demand in a new market
B. rough check of production plans and schedules to determine whether the required capacity and available capacity are in balance
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Answer the following statements true (T) or false (F)
1. Deadlines can help one concentrate the mind, in order to make decisions rather than put them off. 2. In the planning/control cycle, part of the control process can be to improve future plans. 3. The planning/control cycle has three planning steps and three control steps. 4. In the planning/control cycle, comparing the results with the plan is one of the control steps.
Answer the following statements true (T) or false (F)
1.An import tariff will worsen the terms of trade for a "small" country but improve the terms of trade for a "large" country. 2.Suppose that the tariff on imported steel is 40 percent, the tariff on imported iron ore is 20 percent, and 30 percent of the cost of producing a ton of steel consists of the iron ore it contains. The effective rate of protection of steel is approximately 49 percent. 3.True 4.Assume that the United States imports laptops from South Korea at a price of $200 per unit and that these laptops are subject to an import tariff of 20 percent. Also assume that U.S. components are used in the laptops assembled by South Korea and that these components have a value of $100. Under the Offshore Assembly Provision of U.S. tariff policy, the price of an imported laptop to the U.S. consumer after the tariff has been levied is $220. 5.Assume that the United States imports televisions from Taiwan at a price of $300 per unit and that these televisions are subject to an import tariff of 25 percent. Also assume that U.S. components are used in the televisions assembled by Taiwan and that these components have a value of $100. Under the Offshore Assembly Provision of U.S. tariff policy, the price of an imported television to the U.S. consumer after the tariff has been levied is $375
Which of the following represents the order from the least assurance to the most assurance provided for the types of services provided?
A. Compilation, review, audit. B. Audit, compilation, review. C. Audit, review, compilation. D. Review, compilation, audit.
The criteria for recognition of a liability does not include which of the following?
a. The obligation represents a present obligation. b. The obligation exists as a result of a past transaction or exchange, called the obligating event. c. The obligation requires the probable future sacrifice of an economic resource that the firm has little or no discretion to avoid. d. The obligation has a relevant measurement attribute that the firm can quantify with sufficient reliability. e. The obligation represents a potential future commitment or intent.