The absolute maximum number of units that would be possible under the best conceivable operating conditions is a description of which type of manufacturing capacity?
a. Practical
b. Theoretical
c. Currently attainable (expected)
d. Normal
b
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An organizational structure is important for all of the following reasons except:
A. ensuring proper accountability. B. creating clear lines of reporting. C. defining areas of authority. D. ensuring a proper commitment to controls.
Acme, Inc., produces widgets. To manufacture a new type of widget, it took 100 hours for the first widget. Acme estimates it has a 95% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 75th widget.
a. 62.89 hours b. 72.70 hours c. 56.55 hours d. 76.42 hours
At common law, a valid contract may not be entered into on Sunday
Indicate whether the statement is true or false
When personal property is used as collateral to back up a loan, the note created is a:
a. balloon note b. fixed note c. collateral note d. property note e. personal note