"Having a focused work center is like having a plant within a plant." Discuss. Include in your discussion what conditions make focused work centers appropriate
What will be an ideal response?
A focused work center is a permanent or semi-permanent product-oriented arrangement of machines and personnel. It moves production to a large work cell that remains part of the present facility. A focused work center may be appropriate when a firm has identified a family of similar products that have a large and stable demand.
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Capital resulting from the retention of earnings should be entered in an account with an appropriate title such as
a. Retained Earnings. b. Appropriated Retained Earnings. c. Earnings Retained in the Business. d. Capital Stock.
Which one of the following represents the situation in multinational corporations in which managers and employees are from different cultures and thus must be oriented simultaneously toward each other and toward aspects of each other's culture?
A. Downward communication B. Upward communication C. Co-acculturation D. Global accuracy E. Integrated communication
Lenart Corporation has provided the following data for its two most recent years of operation: Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$13Direct labor$6Variable manufacturing overhead$4Fixed manufacturing overhead per year$70,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$6Fixed selling and administrative expense per year$83,000 Year 1Year 2Units in beginning inventory01,000Units produced during the year10,0007,000Units sold during the year9,0006,000Units in ending inventory1,0002,000The unit product cost under absorption costing in Year 2 is closest to:
A. $23.00 B. $10.00 C. $33.00 D. $39.00
Which of the following statements best describes facts in legal reasoning?
A) Facts are the most basic building blocks in a legal decision or argument. B) Facts are words used to describe the reasons for reaching conclusions in a complex legal dispute. C) Facts are the issues in a dispute, which is the bone of contention between two opposing litigants. D) Facts are the position or stance on an issue.