Which of the following statements is false?
a. TQM and JIT are both based on ideal standards.
b. In automated companies, a standard cost system may use only 2 elements of productive costs: Direct material and conversion.
c. An automated company may use the theoretical capacity rather than practical capacity to compute predetermined fixed overhead rate.
d. TQM and JIT are both based on practical standards.
d
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FedEx created a first-mover advantage by developing its customer self-service software, which allows people to request parcel pickups, print mailing slips, and track parcels online.
Answer the following statement true (T) or false (F)
Which of the following would be considered a copyright infringement?
A) a brief quotation in a news report B) use of copyrighted material in a spoof or satire C) using several clips of a documentary movie D) reproduction by a teacher or student of a small part of the work to illustrate a lesson
A ________ is a distinct form of draft drawn on a financial institution and payable on demand
A) promissory note B) check C) deed D) letter of credit
A vision statement clarifies the long-term direction of a company and its strategic intent.
Answer the following statement true (T) or false (F)