A sporting apparel manufacturer that produces t-shirts to commemorate significant athletic achievements for proud students and alumni probably uses:
A) a fixed position layout.
B) batch manufacturing.
C) a continuous flow process.
D) a production line.
Answer: B
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Profit measurement and return on investment for decentralized divisions are important gauges for performance evaluation
Indicate whether the statement is true or false
The starting point in developing the master budget is the preparation of the ________
A) cash budget B) production budget C) sales budget D) budgeted income statement
The shelter principle allows persons who formerly held instruments to improve their positions by later reacquiring the instruments from HDCs.
Answer the following statement true (T) or false (F)
Lacy set her textbook under her chair in her business law class and then forgot to take it with her when she left the classroom. A janitor later discovered the textbook and gave it to the Dean of the Business College. In this situation,
A. the college is a constructive bailee, obligated to return the textbook to Lacy, and until it does, it is liable for harm to the property. B. the college is a bailee by agreement because holding items in a lost and found box is generally part of the college-student agreement when the student enrolls for classes. C. the college is responsible for the discovered textbook because in this situation, the college is subject to implied warranties unless the college has disclaimed such warranties in the student handbook. D. this is a bailment for the sole benefit of the bailee.