Scrap or rework are examples of the lean waste recognized as:

A) defects.
B) inappropriate processing.
C) unnecessary motion.
D) waiting.


Answer: A

Business

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Producing 10,000 units of a cell phone requires $300,000 of prime costs, uses 2,000 machine hours, and takes 1,200 setup hours. The activity rates are $40 per machine hour and $100 per setup hour. What is the unit cost of a cell phone?

A) $60 B) $40 C) $50 D) $100 E) $30

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The primary psychological influences on consumer behavior are

A. perception, motives, learning, attitudes, personality, and lifestyles. B. attitudes, perception, retention, exposure, roles, and lifestyles. C. attitudes, perception, social class, culture, and learning. D. perception, motives, reference groups, social class, and personality. E. lifestyles, personality, perception, motives, attitudes, and culture.

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What is the effective interest rate of 4% compounded quarterly?

A) 4.60% B) 4.80% C) 4.16% D) 4.06% E) 4.76%

Business

____ is (are) short-term promissory notes with no collateral that are issued by large corporations.

A. Serial bonds B. Sinking funds C. Convertible bonds D. Credit agreements E. Commercial paper

Business