The letters on the Muther’s grid indicate ______.
A. repulsion of the location of pairs of departments
B. desirability of the location of pairs of departments
C. distance between the pairs of departments
D. size of the location of pairs of departments
B. desirability of the location of pairs of departments
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Claitin Inc uses large warehouses to store its finished goods ready for sale. After its personnel and auditors conducted a physical inventory of goods on one side of its warehouses, Claitin Inc transported a portion of the inventory to another part of the warehouse, removing the inventory tags that indicated that the items had already been counted in inventory, and thereby included the items a
second time in inventory. In this way, the firm overstated its ending inventory for the current year, understated its cost of goods sold, and overstated its earnings. This action resulted in an overstatement of the beginning inventory for the next year. Assuming a correct count of the ending inventory for the second year, the action has the result of overstating cost of goods sold for the second year and understating earnings. Net income for the two years combined, however, is correctly stated, the net result of an overstatement in the first year offset by an equal understatement in the second year. The actions a. are in accordance with U.S. GAAP. b. are in accordance with IFRS. c. violate ethical principles. d. are in accordance with U.S. GAAP, but not IFRS. e. are in accordance with IFRS, but not U.S. GAAP.
Answer the following statements true (T) or false (F)
1. The tax shelter established by the Promogroup is based on the simple flow of royalties that go into and leave the Netherlands. 2. The Dutch tax shelters are viable only to artists who are U.S. citizens. 3. Ninety five percent of U2’s revenue, which includes concert ticket sales and record sales, is earned outside Ireland. 4. During the 1950s, the most significant event in the United States was the passage of the Sarbanes-Oxley Act.
Abraham has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him to purchase insurance to protect the car as the collateral for the loan. Which basic types of coverage should Abraham buy to satisfy the bank requirement and to best protect himself from the risks of operating an automobile?
A. collision coverage only B. collision and comprehensive coverage only C. collision, uninsured motorist, and comprehensive coverage D. collision, uninsured motorist, comprehensive, and liability coverage
Today, the United States makes approximately ________ percent of the clothing its consumers purchased compared to ________ percent in 1990.
a. 3, 50 b. 25, 75 c. 75, 25 d. 10, 80