______________ attempt to produce a fair and free-trading environment in which there exists a level playing field.
a. Trade-remedy laws
b. Industrial policies
c. Strategic trade policies
d. Economic sanctions
a. Trade-remedy laws
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Assume that there were no sales of long-term assets, no interest revenue, and no expenses other than the expenses shown above. Also, assume that Accounts Payable is for purchases of merchandise inventory only. Prepare the operating activities section of the statement of cash flows.
Lone Star Hat Company uses the direct method for its statement of cash flow. Assume Accrued Liabilities relate to Operating Expenses. It reports the following information regarding the year ending December 31, 2018:
According to JIT philosophy,
a. inventories of finished goods always should be available to meet customer demand. b. push-through manufacturing flows are the most efficient. c. maintaining inventories wastes resources and frequently covers up poor work or other problems. d. long production runs and large production lot sizes take advantage of economies of scale.
Formal rulemaking is required only when a statute clearly commands that a rule be
made on the record after an opportunity for an agency hearing. a. True b. False