The term Xij in the formula used for calculating the total cost of handling materials in a process layout stands for ______.
A. number of loads moved between Departments i and j
B. distance between Departments i and j
C. cost to move a load between Departments i and j
D. number of departments or work centers
A. number of loads moved between Departments i and j
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Which of the following qualifies as a capital lease?
a. Four-year lease on a company vehicle b. Three-year lease on a computer with an option to renew for one more year c. Five-year lease on a machine that has a five-year useful life d. Monthly lease on office space that can be canceled with 30 days' notice
According to the human resources school of thought, labor unions are:
A. necessary to correct market imperfections. B. a sign of unhealthy HR practices and problematic because they promote adversarial management-labor relationships. C. irrelevant in that they have little effect on the competitiveness of the labor market and are ineffective in improving HR practices. D. monopolies that restrict market competition.
Which of the following statements are False
a. A variable cost is a cost that, in total, will vary with production. b. A step cost can be either fixed or variable. c. The level of activity that reflects the company's expected operating range is called the budgeted range. d. Depreciation (computed using the straight line method) and insurance are examples of fixed costs.
Specific details regarding terms, credit arrangements, and technical assistance are worked out during the product specification stage of the buying decision process.
Answer the following statement true (T) or false (F)