____ involves acquiring resources (inputs) and allocating them among the resources’ competing users.
a. Cellular approach
b. Operations management
c. Process manufacturing
d. Project manufacturing
b. Operations management
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Which of the following is NOT a "strange" financial statement relationship?
a. Increased revenues with decreased inventory b. Increased revenues with decreased receivables c. Decreased inventory with decreased payables d. Decreased volume with decreased cost per unit
[The following information applies to the questions displayed below.]On December 31, Year 1, the Loudoun Corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. Loudoun uses the allowance method. On February 15, Year 2, one of Loudoun's customers failed to pay his $1,050 account and the account was written off. On April 4, Year 2, this customer paid Loudoun the $1,050.Which of the following correctly states the effect of Loudoun Company writing off the customer's account? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt of Cash FlowsA.NA NA NANA NA NANAB.(1,050) NA (1,050)(1,050) NA (1,050)NAC.(1,050) (1,050) NANA NA NANAD.NA 1,050 (1,050)NA 1,050 (1,050)NA
A. Option A B. Option B C. Option C D. Option D
The second step in Theory of Constraints application, "exploit the bottleneck(s)," means that the analyst should:
A) create a schedule that maximizes the throughput of the bottlenecks. B) repeat the analysis process to look for other bottlenecks. C) consider increasing capacity of the bottleneck. D) schedule non-bottleneck resources to support the bottleneck.
According to the Restatement (Third) of torts for products liability, sellers and distributors of all consumer products remain strictly liable for design defects
Indicate whether the statement is true or false