How can an MRP system be used in a firm's sustainability efforts?
What will be an ideal response?
Companies can modify their MRP systems to help them track their wastes and plan for their disposal. The type and amount of waste associated with each item can be entered into its BOM by treating the waste much like you would a component of the item. When the MPS is developed for a product, reports can be generated that project the amount of waste expected during the production process and when it will occur. Although this approach can require that a firm's BOM be modified substantially, the benefits are also substantial. Firms can identify their waste problems in advance to eliminate them in some cases (through process improvement efforts) or plan for their proper disposal in others. It also gives the firm a way to generate any formal documentation required by the government to verify that it has complied with environmental laws and policies.
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If shares of preferred stock are sold at par value for cash, the transaction would be entered by
a. debiting Cash and crediting Preferred Stock. b. debiting Preferred Stock and crediting Cash. c. debiting Preferred Stock Subscriptions Receivable and crediting Preferred Stock. d. debiting Preferred Stock Subscribed and crediting Preferred Stock.
A well-defined project that encounters no significant surprises would require little
A. Controlling. B. Management. C. Leadership. D. Corrective action. E. Monitoring.
One reason the inventory observation is performed is for the purpose of determining the accuracy of client counting procedures
a. True b. False Indicate whether the statement is true or false
A photocopier cost $104,000 when new and has accumulated depreciation of $95,000. If the business discards this plant asset, the result is ________.
A) a loss of $9000 B) a loss of $95,000 C) a gain of $9000 D) no gain or no loss