Great Lakes Barge and Baggage Company makes, among other things, battery-operated bilge pumps. Which of the following activities is NOT part of JIT? They:
A) communicate their schedules to suppliers.
B) produce in long production runs to reduce the impact of setup costs.
C) use a pull system to move inventory.
D) continuously work on reducing setup time.
E) produce in small lots.
B
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Candy Stores Inc gives you the following information: The standard material cost is $7 per pound for a 15 pound bag of chocolate. The following is the actual cost and usage data: Direct materials purchased and used 186,000 pounds Price paid for direct materials $6.00 per pound Number of bags produced 12,000 units Using the above information provided for Candy Stores, compute the direct materials
price variance for Candy Stores. A) $186,000 (F) B) $186,000 (U) C) $42,000 (F) D) $42,000 (U)
Firms engage in transactions involving derivatives. For the most part, the complex parts of these transactions occur _____, but those transactions do _____ until, possibly, their settlement
a. after the firm has acquired the derivative; not affect cash flows b. before the firm has acquired the derivative; not affect cash flows c. when the firm has acquired the derivative; not affect cash flows d. after the firm has acquired the derivative; not affect net income e. before the firm has acquired the derivative; not affect net income
The owner of a professional baseball team asks the account representative of an advertising agency to develop an advertising campaign to bring more teenagers to the ballpark. At this point, the account representative logically begins to discuss establishing ____ for the campaign.
A. the target audience B. a budget C. a media plan D. objectives E. advertising directives
Under utilitarian ethics, if a decision maximizes happiness in the most people and minimizes pain, it is ethical
Indicate whether the statement is true or false