List the 7 properties of linear programs
What will be an ideal response?
1. One objective function
2. One or more constraints
3. Alternative courses of action
4. Objective function and constraints are linear — proportionality and divisibility
5. Certainty
6. Divisibility
7. Nonnegative variables
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All of the following are correct regarding operating leases except:
a. Cash outflow is in the form of rent payments b. The rights to use the property for a specified period of time are conferred to the lessee by the lessor. c. At the end of the lease the lessee returns the property to the lessor d. Depreciation expense can be recorded on the books by the lessee
U.S. GAAP and IFRS require firms to recognize as assets identifiable intangibles acquired in external market transactions. Which of the following is/are not true?
a. The exchange between an independent buyer and seller provides evidence of the existence of expected future benefits, and the exchange price provides evidence of the fair value of those benefits. b. In external market transactions, identifiable intangibles include patents, trademarks, customer lists, and other economic resources ready for use, as well as in-process technologies with uncertain future benefits. c. In external market transactions, identifiable intangible assets have either finite lives or indefinite lives. d. In external market transactions, firms must amortize intangible assets with finite lives, generally using the straight-line method. e. all of the above
?During the market orientation, businesspeople realized that products, which by this time could be made relatively efficiently, would have to be promoted through much personal selling and advertising.
Answer the following statement true (T) or false (F)
The term that describes eliminating waste throughout a company is:
A) Process Control. B) Kaizen. C) Lean Production. D) Theory of Constraints.