Identify a true statement about process layouts.
A. They can be used to produce a variety of products without the need for expensive retooling.
B. They reduce processing times but are inflexible.
C. They can be used for constructing large and bulky goods, such as ships or commercial airplanes.
D. They require highly specialized machinery that is designed to perform one specific task very efficiently.
Answer: A
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An employee has gross earnings of $600 and withholdings of $45.90 for social security and Medicare taxes and $60 for income taxes. The employer pays $45.90 for social security and Medicare taxes and $4.80 for FUTA. The total cost of this employee to the employer is
a. $650.70. b. $600.00. c. $696.60. d. $604.80.
Simple interest is the interest earned on a principal sum that is increased at the end of each period by the interest for that period
Indicate whether the statement is true or false
The consolidated income statement shows
a. all of the parent's and the subsidiary's revenues less all of the parent's and the subsidiary's expenses, plus or minus intercompany sales, expenses, gains, and losses, which equals consolidated income. b. the portion of this consolidated income to which the noncontrolling shareholders have a claim, typically an amount equal to the subsidiary's net income multiplied by the noncontrolling shareholders' ownership percentage. c. the portion of this consolidated income to which the parent company shareholders have a claim. d. all of the above e. none of the above
The ____ handler should always be the last handler listed in the EXCEPTION section of a block.
A. TOO_MANY_ROWS B. NO_DATA_FOUND C. EXIT WHEN D. WHEN OTHERS