All of the following are external events (transactions) except for
a. a department store recognizing losses from shoplifting.
b. a department store running ads in a local newspaper.
c. a department store purchasing merchandise from a clothing manufacturer.
d. a department store selling clothing to customers on credit.
a
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_____ is a methodology of solving a new problem established on the solutions of similar problems.
A. Case-based reasoning B. Yield management C. What-if analysis D. Sensitivity analysis
A manual process takes 18 minutes of direct labor time and six pounds of material to produce a product. Automating the process requires 12 minutes of machine time and 5 pounds of material. The cost per labor hour is $9, the cost per machine hour is $7, and the cost per pound of materials is $11. Find the non-value added cost for the above situation
A) $2.40 per unit B) $9.00 per unit C) $12.30 per unit D) $1.70 per unit
In most states, if a bailor refuses to pay the bailee the agreed-upon compensation, the ________
A) title to the bailed item passes to the bailee B) bailed item will be sold after a hearing, and the proceeds left after compensating the bailee and covering the costs of the sale will be given to the bailor C) bailee must return the bailed property and then sue the bailor for damages D) bailed item will be sold after a hearing and the proceeds will be divided between the bailee and the court, with no portion of the proceeds going to the bailor
Attending a class on company time would be unethical
Indicate whether the statement is true or false