A bill of materials is a record of all the components of an item, the parent-component relationships, and the usage quantities derived from engineering and process designs
Indicate whether the statement is true or false
TRUE
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Which of the following is a preference attributed to the rational style?
A. Dislike of being on a first-name basis with others B. Talking more and observing less when in groups C. Avoiding anger and conflict D. Having formal office spaces
Liability is one of the most critical reasons for establishing a:
A. corporation. B. sole proprietorship. C. partnership. D. limited liability company.
If one were using the full-cost approach to marketing cost analysis, allocating fixed costs on the basis of sales volume would
A. do both these things: make some customers appear more profitable than they actually are, and make some products appear less profitable than they actually are. B. make some customers appear more profitable than they actually are. C. not be done-because only variable costs would be analyzed. D. decrease the profitability of the whole business. E. make some products appear less profitable than they actually are.
Unless otherwise provided by contract, a partnership dissolves if a change in the composition of the partners takes place
a. True b. False Indicate whether the statement is true or false