A means of settling disputes, under which parties submit the matter to a neutral third party of their choosing to resolve the dispute by issuing a binding decision is called:
a. mediation b. negotiation c. mini-trial
d. summary jury trial
e. none of the other choices are correct
e
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Relating resource consumption and cost to alternative product and process designs can be achieved through
a. kaizen costing. b. reverse engineering. c. computer simulation. d. all of the above.
The following information regarding fixed production costs from a manufacturing firm is available for the current year: Fixed costs in the beginning inventory $ 16,000 Fixed costs incurred this period 100,000 Which of the following statements is not true?
a. The maximum amount of fixed production costs that this firm could deduct using absorption costs in the current year is $116,000. b. The maximum difference between this firm's the current year income based on absorption costing and its income based on variable costing is $16,000. c. Using variable costing, this firm will deduct no more than $16,000 for fixed production costs. d. If this firm produced substantially more units than it sold in the current year, variable costing will probably yield a lower income than absorption costing.
Production estimates for July are as follows: Estimated inventory (units), July 1 8,500 Desired inventory (units), July 31 10,500 Expected sales volume (units), July 76,000 For each unit produced, the direct materials requirements are as follows: Direct material A ($5 per lb.) 3 lbs. Direct material B ($18 per lb.) 1/2 lb. The total direct materials purchases of materials A and B (assuming no
beginning or ending material inventory) required for July production is: A) $1,080,000 for A; $648,000 for B B) $1,080,000 for A; $1,296,000 for B C) $1,170,000 for A; $702,000 for B D) $1,125,000 for A; $675,000 for B
Bank deposits made by individuals cannot be commingled by the bank for its own use
Indicate whether the statement is true or false