Your boss catches you at the water cooler one morning and assigns you an important task—to remove all the constraints from your project using the Theory of Constraints (TOC) five step process. What should your response be to your boss?
What will be an ideal response?
The five steps in TOC methodology are to: identify the system constraint; exploit the system constraint; subordinate everything else to the system constraint; elevate the system constraint; and determine if a new constraint has been uncovered; then repeat the process. Just as every chain must have a weakest link, a system must always have a slowest step (one with the lowest capacity) that limits our ability to meet our objective. It is not possible to eliminate all constraints from a system. If one is solved, then there will be a new slowest step; it may well be faster than the previous slowest step, but nonetheless, it will be the slowest step in this new and improved system and this be the new system constraint.
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Differentiated global marketing is a variation of concentrated global marketing
Indicate whether the statement is true or false
When computing variances from standard costs, the difference between actual and standard price multiplied by actual quantity yields:
a. Combined price--quantity variance. b. Price variance. c. Volume variance. d. Mix variance.
Orlov Corporation purchased 22,000 shares of Matsey Corporation common stock for $40 per share on January 1, 2009 . Matsey reported net income of $120,000 for 2009 and paid dividends of $45,000 during 2009 . As of December 31, 2009, the market value of Matsey Corporation common stock was $39 per share. Assuming the shares owned by Orlov represent 10 percent of the total outstanding stock of
Matsey, the year end adjustment entry in Orlov Corporation's books is: a. Cash 22,000 Dividend Income 22,000 b. Cash 22,000 Long-Term Investments 22,000 c. Unrealized Loss on Long-term Investments 22,000 Allowance to Adjust Long-Term Investments to Market 22,000 d. Loss on Long-Term Investments 22,000 Allowance to Adjust Long-Term Investments to Market 22,000
Held-to-maturity securities are valued on the balance sheet at
A) original cost. B) fair value. C) maturity value. D) cost adjusted for the effects of interest.