Which of the following statements is a correct and useful rule in constructing networks?
a. Network diagrams start at the top right and flow down to the left.
b. We can never have one arrow crossing another.
c. An activity cannot begin until all preceding activities have been completed.
d. An activity can be repeated as desired.
c. An activity cannot begin until all preceding activities have been completed.
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The Supplies account balance at the beginning of the period was $6,600 . Supplies totaling $12,825 were purchased during the period and debited to Supplies . A physical count shows $3,825 of Supplies at the end of the period. The proper journal entry at the end of the period
a. debits Supplies and credits Supplies Expense for $9,000. b. debits Supplies Expense and credits Supplies for $12,825. c. debits Supplies and credits Supplies Expense for $15,600. d. debits Supplies Expense and credits Supplies for $15,600. e. None of these choices are correct.
The flow of goods through a production process cannot be at a faster rate than the slowest bottleneck is the definition for
a. mass customization. b. the Pareto principle. c. the theory of constraints. d. business process reengineering.
Of the following, the crime that would probably be considered a misdemeanor is
a. setting fire to a neighbor's house. b. stealing a pack of diet soda c. robbing a store at gunpoint. d. breaking into a warehouse to steal merchandise.
Morris Company self-insures its workers compensation loss exposure. The risk manager of Morris Company is concerned about the possible impact of a single catastrophic claim
She decided to set a retention limit of $500,000 per-claim, and to purchase insurance that will be begin to pay once Morris Company has paid $500,000 on a single claim. The insurance the risk manager purchased is called A) captive insurance. B) excess insurance. C) primary insurance. D) umbrella insurance.