What role did the credit-rating agencies play leading up to the start of the financial crisis in 2007?
A) Inaccurate ratings provided by credit-rating agencies helped promote risk taking throughout the financial system.
B) The credit-rating agencies were the first to see signs of trouble, and they developed more stringent standards as the housing bubble evolved.
C) Solid ratings provided by credit-rating agencies helped limit risk taking throughout the financial system.
D) The credit-rating agencies were largely uninvolved with the financial crisis.
A
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Chuong Corporation is conducting a time-driven activity-based costing study in its Order Fulfillment Department. The company has provided the following data to aid in that study:Chuong CorporationOrder Fulfillment DepartmentData InputsResource Data: Number of employees 11Average salary per employee$36,000Practical capacity per employee (in minutes) 90,000?Activity Data:Processing OrdersPreparing DeliveriesHandling ReturnsMinutes per unit of the activity102244?On the Customer Cost Analysis report in time-driven activity-based costing, the time-driven activity rate for Handling Returns would be closest to:
A. $44.00 per return handled B. $0.91 per return handled C. $17.60 per return handled D. $0.40 per return handled
Which of the following is NOT a result of inadequate capacity in offering services?
a. inventory stock out b. customer dissatisfaction c. delays in the delivery of a service d. lost customers
In Davis v. Baugh Industrial Contractors, the traditional common law rule prevented a party who accepted a completed construction project from later suing the contractor for flaws in construction that caused injury to others. In reviewing such a case, the Washington state high court held that the rule was not sensible in modern times and would be dropped. This is an example of how:
a. modern day values are changing b. common law can adapt to changing circumstances c. common law never changes d. courts can never go against a precedent set in previous cases e. none of the other choices
You would like to use the fixed-time-period inventory model to compute the desired order quantity for a company. You know that vendor lead time is 5 days and the number of days between reviews is 7. Which of the following is the standard deviation of demand over the review and lead time if the standard deviation of daily demand is 8?
A. About 39.9 B. About 32.8 C. About 27.7 D. About 35.8 E. About 45.0