The difference between the total time available and the total time used to complete a process is known as ______.
A. cycle time
B. flow time
C. idle time
D. balance efficiency
C. idle time
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Dobson Company expects to begin operating on January 1. The company's master budget contained the following operating expense budget: January February MarchSalary expense$40,000 $36,000 $36,000 Sales commissions, 5% of sales 24,000 30,000 28,000 Utilities 2,800 2,800 2,800 Depreciation on store equipment 1,800 1,800 1,800 Rent 7,200 7,200 7,200 Miscellaneous 1,800 1,800 1,800 Total operating expenses$77,600 $79,600 $77,600 Sales commissions are paid in cash in the month following the month in which the expense is recognized. All other expense items requiring cash payment are paid in the month in which they are recognized. The amount of cash to be paid for operating expenses during the month of January is:
A. $51,800. B. $53,600. C. $77,600. D. None of the answers are correct.
In which of the following cases would a fiduciary duty be breached?
A) A stockbroker advises a client to buy shares in a company in which he is a substantial shareholder without disclosing the fact of his preexisting shareholding to the client B) A director of a company buys property from the company after misrepresenting its true value to the other members of the board of directors C) A real estate agent who has been authorized to search for property buys a property and sells it back to his client for three times the value D) A stockbroker advising an elderly woman on investing money after her husband died and she has no investing experience and he has her put it into a new startup he owns E) All of the above
Consumer Price Index is
A. a weighted aggregate price index where the weight for each item is its current-period quantity. B. a weighted aggregate price index where the weight for each item is its last-period quantity. C. an index that is designed to measure changes in quantities over time. D. an index that is designed to measure changes in production levels over time.
Management controls attempt to eliminate unsafe work conditions.
Answer the following statement true (T) or false (F)