A process is what a business does when it takes some raw material and converts it into a valuable output. This does not apply to service businesses.

Answer the following statement true (T) or false (F)


False

Processes apply evenly to manufacturing and service businesses.

Business

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Which of the following best describes distributions from a traditional defined contribution plan?

A. Distributions from defined contribution plans are fully taxable to the recipient as long-term capital gains. B. Distributions from defined contribution plans are partially taxable to the recipient as capital gains and partially nontaxable as a return of capital. C. Distributions from defined contribution plans are partially taxable to the recipient as ordinary income and partially nontaxable as a return of capital. D. Distributions from defined contribution plans are fully taxable to the recipient as ordinary income.

Business

Marketers cannot advertise for adulterated and misbranded food or drug products due to the power of:

A. The Association for Prohibition of Adulteration B. The General Food Regulations C. The Consumables Protection Bureau D. The Food and Drug Administration

Business

Describe the strategies and tactics a negotiator would employ in a distributive bargaining situation.

What will be an ideal response?

Business

Consider a work center with a demand rate of 15 parts per hour and using a container that can hold 15 parts. It is estimated that the container takes 90 minutes to cycle through the work cell. Assume a safety stock level of 20 percent. What is the value of K for this system?

a. 1 b. 2 c. 3 d. 4

Business