Production flexibility allows a firm to provide business customers with the just-in-time delivery service or rapid-response replenishment of inventories that they expect.
Answer the following statement true (T) or false (F)
True
Production flexibility can give a firm a competitive advantage in meeting a target market's needs better or faster. Without flexible operations, it can be difficult to provide business customers with just-in-time delivery or rapid response to orders placed by EDI or some other type of e-commerce reorder system.
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Allan and Ralph are partners. Allan has a capital balance of $92,000 and Ralph has a capital balance of $75,000. Carol invested $60,000 to acquire an ownership interest of $50,000. Which of the following is TRUE of the impact of the transaction on the balance sheet?
A) Asset increases and the equity will remain unchanged. B) Both assets and equity will increase. C) Assets will increase and equity will decrease. D) Assets will decrease and the equity will remain unchanged.
Mass media are not the only vehicles a firm can use to get a message to a potential customer. By what other means can marketers effectively reach out to large numbers of consumers?
A) employing subliminal advertising techniques B) socializing with consumers C) using non-media connectors D) conducting public opinion polls E) placing advertisements in local penny-savers
Which of the following is not an example of an external user of accounting information?
A) Potential and existing stockholders B) Government taxing agencies C) Potential and existing creditors D) Management
List and discuss examples of state and local administrative agencies
What will be an ideal response?