Which of the following statements is false?
A. Jobs involving food service will unlikely be automated.
B. Many individuals could lose their jobs due to automation.
C. Automation will require that many employees retrain.
D. Jobs involving finance and accounting may be automated.
E. None of the above are correct.
Answer: A
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Annie buys a car from Bob's Motors. She then sells the car to Michael, who agrees to make the remaining payments Annie owes Bob's Motors. Bob's Motors is a creditor beneficiary of Annie, and can therefore recover the balance due only from her, and not from Michael.
Answer the following statement true (T) or false (F)
Constant service times occur with
A) machinery. B) well-trained employees. C) service processes. D) assembly processes.
Crimson Plumbing Supplies expects total sales of $9,000,000 this year. Ten percent of the company's sales are
paid in cash; credit sales are usually paid by check. The average check size is $3,000. Second National Bank is offering the company a lock-box system. The fees are $800 per month plus $.60 per check. Short-term marketable securities are currently earning 8 percent per year. What reduction in check collection time is necessary for Carrollton Plumbing Supplies to be neither better nor worse off from adopting the proposed system? Use a 365-day year.
________ corrects for most, but not all, of the problems of IRR and gives the solution in terms of a return
A) Profitability Index B) Discounted Payback Period C) Net Present Value D) MIRR