Small farmers in the mountains of Peru pick coffee beans by hand, obtaining only a bucket a day. They then sell them to buyers who put the beans in large bags to be shipped to processors. This regrouping activity is called
A. wholesaling.
B. sorting.
C. accumulating.
D. assorting.
E. bulk-breaking.
Answer: C
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Describe the importance of the integration of lean into an organization’s culture. How could failing to do so lead to an unsuccessful implementation of lean practices?
What will be an ideal response?
Simpson Micro owns warehouses that stock computer software. They offer net terms to retail stores, offer specials and promotions, and provide customer service. Simpson Micro is a(n) _____ wholesaler.
A. general specialty B. general merchandise C. rare-service D. specialty-line E. agent
Mona and Nero want to discharge their contract by executing a new agreement with performance different from what they originally promised. They can best accomplish this by
A. a mutual agreement to rescind. B. an accord and satisfaction. C. a novation. D. an alteration of the original contract.
Which of the following best describes the purpose of the payroll register?
A) It is a list of all persons and companies that the company pays money during a period. B) It is a report that becomes published with other financial reports. C) It is a worksheet that accountants use to ensure payroll accuracy. D) It is an individual register maintained for each employee, listing of all the payroll information.