Sketch and discuss the product-process matrix for manufacturing
What will be an ideal response?
The product-process matrix brings together the elements of volume, product design, and process. It synchronizes the product to be manufactured with the process. Good manufacturing design depends first on volume, so if high customization is needed, then volume is usually lower and vice versa. The vertical dimension of the product-process matrix deals with divergence and flow. Combinations that are best choices are reflected along the diagonal of the matrix.
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The store shelf and point-of-purchase display represent the last chance for the manufacturer to reach the consumer before a purchase is made
Indicate whether the statement is true or false
Richard received his credit card bill and noticed an error. He wrote to the company the next week, pointing out the error in his bill. Under the law, what is the credit card's obligation once it receives Richard's letter?
Mr. and Mrs. Williams are the sole shareholders of Lessing, Inc., an S corporation. Last year, Lessing employed the Williams' son and paid him a $50,000 salary. During a recent IRS audit, the revenue agent discovered that the son rarely shows up for work and spends most of his time playing golf. Which of the following statements is true?
A. The discovery has no tax consequences to Mr. and Mrs. Williams or their son. B. The IRS can disallow Lessing's $50,000 deduction for the son's salary. C. The IRS can treat the $50,000 payment as a constructive dividend to the son. D. The IRS can treat the $50,000 payment as a constructive dividend to Mr. and Mrs. Williams.
Which of the following is not subtracted to arrive at the taxable value of an estate?
A. Funeral expenses. B. Estate administration expenses. C. Liabilities. D. Charitable bequests. E. Deduction for property conveyed to children of decedent.