With respect to 5S, which of the following Japanese terms refer to formalizing procedures and practices to create consistency and ensure that all steps are performed correctly?
a. Seiketsu
b. Seiri
c. Shitsuke
d. Seiton
a
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How is the contribution margin calculated when utilizing variable costing?
a. Sales less variable cost of goods sold b. Sales less variable cost of goods sold, less variable selling and administrative expenses c. Sales less cost of goods sold d. Sales less variable cost of goods sold, less variable selling and administrative expenses, less fixed cost of goods sold, less fixed selling and administrative expenses
When can research be justified, even if the financial risk of the decision is small?
a. The research can be done inexpensively b. It will not take very long to complete c. A lot of the information can be obtained from secondary sources d. It will help to clarify the actions to be take or decisions to be made e. all of the above
Martin was owed $10,000 in wages he had earned in the past 2 months but had not been paid by his employer Allsafe Industries Inc. Allsafe has now been forced into bankruptcy by the bank. Which of the following statements is TRUE?
A) Martin can claim $10,000 as a preferred creditor B) Martin can claim $10,000 as a secured creditor C) Martin can claim $10,000 as an unsecured creditor D) Martin can claim $5,000 as a secured creditor and $5,000 as an unsecured creditor E) Martin can claim $2,000 as a preferred creditor and $8,000 as an unsecured creditor
One who agrees to pay a debt if the debtor defaults, but only after the debtor cannot or will not pay, is called a(n) ____________________
Fill in the blank(s) with correct word