JIT suppliers have concerns that the JIT firm's demands for small lot sizes are simply a way of transferring holding cost from the JIT firm to the suppliers
Indicate whether the statement is true or false
TRUE
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Drew Mellow, owner of Mellow's Melodies, also owns a personal residence that costs $400,000 . The market value of his residence is $600,000 . During preparation of the financial statements for Mellow's Melodies, the accounting concept most relevant to the presentation of Drew's home is:
a. monetary unit. b. a going concern entity. c. the economic entity concept. d. the time period assumption.
Companies like Amazon, Apple, Facebook, and Google employ all but ONE of the following offensive actions to complement and supplement the choice of one of the five generic competitive strategies. Which is not an example of an offensive move?
A. pursuing a market share leadership strategy B. creating and deploying company resources to cause rivals to defend themselves C. displaying a strong bias for swift, decisive, and overwhelming actions to overpower D. focusing on building competitive advantages E. employing the element of surprise as opposed to doing what rivals expect and are prepared for
Which of the following is an example of an exculpatory clause?
A) Creditor charges 38% interest on a loan B) Seller is not responsible for property damage regardless of the cause of the injury C) Buyer agrees to pay any costs of litigation D) Employee agrees to never work for a competing company
______ is quite similar to fraud; it requires a false statement to significantly influence the making of a contract:
a. materiality b. influence c. misrepresentation d. voidable contract e. none of the other choices