What are poka-yokes?
A. Automatic warnings or controls to ensure mistakes don't happen
B. Service failures
C. Customers who have a propensity to complain
D. Methods for tracking complaints
E. Common sources of complaints
Answer: A
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In some industries, competitive dynamics eventually drive long-run projections of the future returns earned by the firm to an equilibrium level equal to the long-run expected cost of equity capital in the firm. At that point, a firm can be expected to earn ____________ residual income in the future
a. increasing. b. zero. c. decreasing. d. There is not enough information to answer this question.
In a fully integrated standard costing system, standard costs eventually flow into the
A) Cost of Goods Sold account. B) Standard Cost account. C) Selling and Administrative Expenses account. D) Sales account.
On April 24 of the current year, The Memphis Pecan Company experienced a tornado that destroyed the company's entire inventory. At the beginning of April, the company reported beginning inventory of $226,750. Inventory purchased during April (until the date of the tornado) was $197,800. Sales for the month of April through April 24 were $642,500. Assuming the company's typical gross profit ratio is 50%, estimate the amount of inventory destroyed in the tornado.
A. $217,950 B. $157,788 C. $212,275 D. $321,250 E. $103,300
In a carrier case, what is most important in determining when risk of loss passes from the seller
to the buyer? A) The seller's insurance policy terms B) The buyer's insurance policy terms C) When title passes D) The contract's shipping terms E) The price of the goods