Explain the difference between a general ledger and a chart of accounts.
What will be an ideal response?
A ledger is a record containing all of the accounts of a business and their balances. The
chart of accounts is a list of all of the accounts a company uses and includes an identification
number assigned to each account.
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The lack of employment as seen in the recent times is indicative of the fact that manufacturing is in decline
Indicate whether the statement is true or false
Which of the following is the least useful in evaluating a relationship as either favorable or unfavorable?
A) Past and current performances of the company B) Industry averages C) Past performance of the company D) Rule-of-thumb measures
A(n) ______ maps how a product’s parts go together and the order in which they are assembled.
A. assembly chart B. assembly drawing C. route sheet D. process map
The prototype linear programming problem is to select an optimal mix of products to produce to maximize profit. This type of problem is referred to as the:
a. product mix problem b. production problem c. product/process problem d. product scheduling problem