Distinguish among manufacturing equipment, retail equipment, and office equipment using a candle factory and a candle store as examples.
What will be an ideal response?
Machines used in the candle factory would include general-purpose equipment (machines that serve many functions in the production process) and special-purpose equipment (machines designed to serve specialized functions in the production process). A candle store would need retailing equipment such as merchandise-display racks and counters, storage racks, shelving, shopping carts, cash registers, and other items to facilitate selling. Both the candle factory and candle store would need office equipment—furniture, filing and storage cabinets, computers, printers, telephones, and other such items.
You might also like to view...
Ed has worked for his company for a year, yet the company is starting to lay off people. Ed recently started making an effort to run into his bosses at lunch, on the elevator, at the gym, and so on. He goes out of his way to tell his bosses how great they are and how important they are to the company. Ed is engaging in which of the following?
A. politics B. rational persuasion C. coalition building D. leadership
A responsibility accounting system should include all revenue and cost of a division
Indicate whether the statement is true or false
TrueBlue uses an MBO program for its performance reviews. Ranelle, the manager, and Louis, the subordinate, are working through that process. They have reached the point where they are ready to perform an interim review. Which of the following should they do at this stage?
A. Ranelle should list goals and metrics for Louis. B. Louis should propose his goals and metrics. C. Inappropriate goals and metrics should be deleted. D. They should each establish goals and metrics for the department.
Cash flow from assets shows the success or failure of the operating decisions, while cash flow to creditors examines a portion of how the firm is financing the operations
Indicate whether the statement is true or false.