List and describe the four trade barriers.
What will be an ideal response?
Quotas: set a limit on the number or volume of a product that can be imported or exported during a set period
Subsidies: include government grants, loans, and tax breaks given to domestic companies
Tariffs: a direct tax on imports to make them more expensive
Learning Objective: 3-1: Contrast the classification of businesses in the global village, define ethnocentrism, and describe issues managers encounter through foreign trade.
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Kelly, a human resource specialist, has been asked to investigate complaints that an employee is bullying co-workers. Kelly is obligated to protect this employee's privacy by ensuring that any information gathered is relevant to the complaint.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. Manufacturing overhead is allocated by debiting the Finished Goods Inventory account. 2. Manufacturing overhead is allocated by debiting the Work-in-Process Inventory account and crediting the Manufacturing Overhead account. 3. Traditionally companies have used direct labor hours, direct labor costs and machine hours as the primary cost drivers of manufacturing overhead costs. 4. The cost of goods manufactured is recorded with a debit to the Work-in-Process Inventory account and a credit to the Cost of Goods Manufactured account. 5. The cost of goods manufactured is recorded with a debit to the Finished Goods Inventory account and a credit to the Work-in-Process Inventory account.
Which of the following is NOT an outcome of an effective global sales and operations plan?
a. reduced inventory b. improved customer relationship c. increased expedited costs d. increased forecast accuracy
The standard deviation of a sample of 100 elements taken from a very large population is determined to be 60 . The variance of the population
a. can not be larger than 60 b. can not be larger than 3600 c. must be at least 100 d. can be any value greater or equal to zero