Successful Six Sigma projects are likely to accomplish all of the following except?
a. Meet strategic business objectives
b. Reduce product/service variation
c. Increase inventory levels
d. Produce a product/service that satisfies the customer
c. Increase inventory levels
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Accounts payable represent:
a. Amounts which are due to stockholders. b. Amounts which have been borrowed to finance operations. c. Amounts which are owed to the company by its customers resulting from credit sales. d. Amounts which are owed by the company to its suppliers for past purchases.
Which of the following is an advantage of enterprise resource planning (ERP) systems?
A) It is inexpensive to implement. B) It provides financial benefits only to small companies. C) It replaces separate software systems, such as sales and payroll. D) Its implementation requires a small commitment of time and people.
Following are the account balances from Canarsie Company's income statement: Inventory, January 1 . 2014 ............................ $30,000 Purchases ............................................. 40,000 Purchase Returns and Allowances ....................... 5,000 Purchase Discounts .................................... 4,000 Freight-In ............................................ 5,000
Inventory, December 31 . 2014 .......................... 15,000 Freight-Out ........................................... 6,000 Given this information, the cost of goods sold during 2014 is a. $51,000. b. $46,000. c. $56,000. d. $66,000.
Pushy Pat, a persuasive salesman, talked Nice Nancy into purchasing something she didn't really need or want. Nice Nancy may rescind the contract because of undue influence
a. True b. False Indicate whether the statement is true or false