OSCM is concerned with management of the trickiest parts of the system that produces a good or delivers a service.
Answer the following statement true (T) or false (F)
False
OSCM is concerned with the management of the entire system that produces a good or delivers a service.
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What common condition is necessary for gainsharing to be successful in an organization?
A. employers who do not set short-term goals for employees B. work environment with minimum management commitment C. low levels of cooperation and interaction D. employees who value working in groups E. employees who prefer minimum interaction and cooperation
The competitive-parity method of setting promotion budgets prevents promotion wars between companies
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
The quality of understandability is a characteristic influenced by both users and preparers of accounting information.
Lighting Company sold an old machine on December 31, 2011, for $22,000 cash. The following data was available when the truck sold: Acquisition cost $100,000 Estimated salvage value at time of acquisition 8,000 Accumulated depreciation on December 31, 2011, after adjustment 85,000 When this transaction is recorded, it should include:
A) debit of $7,000 to the loss on disposal account. B) credit of $22,000 to the truck account. C) credit of $7,000 to the gain on disposal account. D) credit of $15,000 to the gain on disposal account.