A manufacturing firm produces goods in accordance with customer specifications, commencing production upon receipt of a purchase order. To accumulate the cost of each order, the company would use a:
A. production log.
B. manufacturing cost record.
C. overhead sheet.
D. job-cost record.
E. cost allocation matrix.
Answer: D
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Which of the following is correct?
a. Check digits should be used for all data codes. b. Check digits are always placed at the end of a data code. c. Check digits do not affect processing efficiency. d. Check digits are designed to detect transcription and transposition errors.
Answer the following statements true (T) or false (F)
1. Upward vertical communication allows employees to participate in management decisions and improves performance. 2. Managers spend around 28% of their workday on e-mail. 3. Information is unorganized facts and figures, whereas data is information converted into a form that helps people make decisions and do their jobs. 4. Information networks refer to the technology used to store, process, and distribute useful information.
Which of the following is an example of a staff position?
a. plant manager b. head of human resources c. All of these choices are examples of staff positions. d. chief foreman of the factory
When one party has vastly superior bargaining power over another, they often draft their contracts without consultation with the other party. These contracts are called
a. adhesion contracts. b. unconscionable contracts. c. unenforceable contracts. d. torts.