The completed picking ticket file provides an audit trail of authorized inventory transfers made between the warehouse and the shipping department.
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Answer the following statement true (T) or false (F)


True

Business

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Flexible budgeting is a reporting system in which the:

a. Budget shows estimated costs at different levels of production volume. b. Budget standards may be adjusted at will. c. Reporting dates vary according to the levels of activity reported upon. d. Statements included in the budget report vary from period to period.

Business

How did Franklin Roosevelt’s establishment of the minimum wage fit with Adam Smith’s economic philosophy?

a. It satisfied Smith’s argument for a livable wage for every full-time worker. b. It violated Smith’s argument for government nonintervention in the economy. c. It violated Smith’s argument that businesses should obey the law and seek profits and nothing else. d. It satisfied Smith’s argument that governments should seek to regulate businesses to force ethical behavior in all ways possible.

Business

Differentiate between traditional factories and flexible factories.

What will be an ideal response?

Business

Suppose that you were thinking about leasing a new vehicle. Which of the following should not be an important consideration?

A) I drive less than 15,000 miles annually. B) I like to get a new car every few years. C) I dislike the hassle of trading-in or selling cars. D) It's the only way I can afford the vehicle that I want. E) I dislike the hassle of maintenance.

Business