Which of the following is characteristic of lean operations?
A) inventory buffers between each workstation to minimize system downtime
B) easy, mindless jobs
C) specialty workers with no cross-training
D) low space requirements
E) no supplier partnerships
D
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Payment is made for land purchased earlier on credit. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decrease. d. Liabilities decrease and assets decrease.
On May 1, a company established a $125 petty cash fund. On May 22, the petty cash fund contains $6 in cash and the following paid petty cash receipts: transportation-in on merchandise inventory $25; postage, $21; and office supplies, $66. Record the general journal entry to reimburse the fund.
What will be an ideal response?
Although public-incentivized work programs in the United States like WOTC assisted former welfare recipients in receiving and maintaining jobs, there was a relatively low participation rate by firms in these programs. What may have been a contributing factor to the low program participation rate by the U.S. firms?
a. the disruption in the workplace as a result of the special treatment afforded this group b. high transaction costs relative to the benefits c. the lack of fundamental skills and literacy of the participants d. lack of senior-level champions inside the organization
Disruptive innovations involve completely new technologies.
Answer the following statement true (T) or false (F)