Lean manufacturing and just-in-time (JIT) systems are both concerned with reduction of inventory levels

Indicate whether the statement is true or false


T

Business

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The constitutional prohibition of ex post facto laws:

A. applies to common law. B. applies to statutory law. C. gives lawyers a great deal of discretion in selecting an appropriate strategy for handling a legal dispute. D. aims to minimize the possibility of failure if the business has to go to court to enforce its rights.

Business

The term _____ is associated with a high-speed networking connection, which is required for fast transmission of large files and multimedia material.

Fill in the blank(s) with the appropriate word(s).

Business

When 1000 shares of $3 stated value common stock is issued at $18 per share, ________.

A) Common Stock — $3 Stated is credited for $18,000 B) the account titled Paid-In Capital in Excess of Stated-Common is used to record the issue price of the stock C) the difference between the issue price and the stated value is credited to Paid-In Capital in Excess of Stated-Common D) the accounting is exactly the same as the accounting for par value stock

Business

Activity costs per unit equal total activity costs divided by total volume

Indicate whether the statement is true or false

Business