Describe how capacity enhancements can improve a company’s economies-of-scale. Provide at least one example (from the textbook or from another source) of this.
What will be an ideal response?
A successful answer will note how capacity improvements can drive down the average cost per unit of production for a company. The student can then note the Ford Model T example from the textbook or provide another similar example.
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An accrued expense is an expense
A) incurred but neither paid nor recorded. B) incurred, paid, and recorded. C) paid and recorded but not incurred. D) whose amount is subject to estimation.
Joy calls Jane and tells her to order extra bottled water in preparation for hurricane season. In this example, Joy is the ______.
A. noise B. sender C. receiver D. decoder
Which of the following is most likely to appear on the responsibility report for a manufacturing production supervisor?
A) direct labor costs B) factory rent C) advertising costs D) depreciation
According to the Americans with Disabilities Act, a(n) ______ is a physical or mental impairment that substantially limits one or more major life activities, a record of having such an impairment, or being regarded as having such an impairment.
A. essential functions B. job relatedness C. reasonable accommodation D. disability