Pastello, a bakery in New Jersey, needs to sell all the goods in its inventory before they perish. The bakery owners, Mark and Julia, plan to use the cash received from selling the goods to open a new outlet of Pastello in a different locality. In this scenario, the goods stored in Pastello's inventory represent its _____.
A. long-term liabilities
B. current liabilities
C. current assets
D. defensive assets
Answer: C
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All of the following represent examples of sources of secondary data EXCEPT:
A) trade organizations. B) the Bureau of Census. C) the Internet. D) A and B E) survey data.
When your audience wants to know what to do about a given situation, the focus of the analytical report should be on the conclusion
Indicate whether the statement is true or false.
Answer the following statements true (T) or false (F)
1. Process design is among the most important and strategic decisions that operations managers have to make. 2. A goal of a repetitive process is to achieve high customer satisfaction. 3. The right process can contribute to increased cost of production. 4. There are several advantages in using robots in manufacturing processes; for example, robots can perform inexpensive tasks. 5. CAPP enables the manufacturer to identify the right target market.
Goodwill should be recorded in the accounting records only when
a. it is purchased from another company. b. it can be established that a definite benefit or advantage has resulted to a firm from some item such as a good name, capable staff, or reputation. c. it is acquired through the purchase of another business entity. d. a firm reports above normal earnings for five or more consecutive years.