Horon Furniture is a manufacturer of office furniture. The company is known for its innovative multipurpose furniture. When designing a new product, the designers list several ideas and consider each in relationship to others

For example, the company considers various options such as an office table, foldable chairs, and filing cabinet, etc. Finally, the company may come up with a foldable office table with chairs attached and with a filing cabinet. Describe the creativity technique used at Horon Furniture.


The company uses forced relationship techniques. This method lists several ideas and considers each in relationship to each of the others.

Business

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The following is from Goldman Inc's 2016 income statement. Purchases $172,000 Transportation-In 11,000 Inventory, January 1, 2016 26,500 Inventory, December 31, 2016 28,800 Purchase Returns and Allowances 8,400 How much will Goldman report as cost of goods purchased in its 2016 income statement?

a. $180,400 b. $174,600 c. $183,000 d. None of these choices

Business

Markets that transfer funds from savers to borrowers are referred to as _____.

A. treasury markets B. monopolistic markets C. financial markets D. mutual markets

Business

A few states have enacted laws to make minimum amounts of liability insurance available at reduced rates to individuals who cannot afford regular insurance or who have limited financial assets to protect

The coverage made available through such a plan is called A) probationary insurance. B) uninsured motorists insurance. C) no-fault auto insurance. D) low-cost auto insurance.

Business

Inventory items that belong in the A category include ________. (See Table 14.4 )

A) Items 4 and 6 B) Items 1 and 7 C) Items 3 and 9 D) Items 1 and 8

Business