Which of the following describes the effect on direct labor when management adopts the JIT philosophy?
a. Each direct labor person performs a single task, thereby allowing that person to reach his or her theoretical potential.
b. Because each person runs a single machine in a JIT environment, there are more employees classified as direct labor.
c. The environment becomes more labor-intensive.
d. Machine operators are expected to run several different types of machines, help set up for production runs, and identify and repair machinery needing maintenance.
D
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Which of the following statements is true of the Uniform Commercial Code about acceptance by shipment?
A. It specifically says that an order requesting "current" shipment of goods impliedly refuses acceptance. B. It says that a seller who ships "nonconforming goods" has accepted the contract if the seller reasonably notifies the buyer that such a shipment is intended as an "accommodation" to the buyer. C. It forces the seller to give the buyer timely notice of his inability to fill an order. D. It says that a seller who ships "nonconforming goods" has failed to breach a contract.
Two or more people working together to circumvent internal controls and defraud a company is known as ________.
A) encryption B) firewall C) collusion D) separation of duties
________ involves measuring the extraneous variables and adjusting for their effects through statistical analysis
A) Design control B) Statistical control C) Randomization D) Matching
Swaps may be used to
A. protect against transaction and translation risks and to raise or transfer capital. B. acquire valuable local resources. C. establish international experience in the finance function. D. level out human resource issues.