A material requisition form should show all of the following information except
a. job number.
b. quantity required.
c. unit cost.
d. purchase order number.
D
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The total quality control (TCQ) approach places responsibility for quality control in the hands of the:
a. shop floor control process b. managerial accountant c. inspector d. builder
Keith and Jim are partners. Keith has a capital balance of $47,000 and Jim has a capital balance of $32,000. Jim sells $15,000 of his ownership to Bill. Which of the following is TRUE of the journal entry to admit Bill?
A) Bill, Capital will be debited for $17,000. B) Jim, Capital will be debited for $17,000. C) Jim, Capital will be credited for $15,000. D) Bill, Capital will be credited for $15,000.
For a growing number of customers, short-term savings that result from low prices are more important than long-term value
Indicate whether the statement is true or false
Which of the following statements is NOT TRUE with respect to arbitration proceedings?
A) Arbitration proceedings normally take more time than the it does to litigate a matter in the regular court system B) An arbitrator's decision is binding and can be enforced as a court judgment C) Arbitration proceedings are normally conducted without many of the procedural requirements of a formal trial. D) An arbitrator must be neutral E) Arbitration proceedings are often chosen as an alternative to having a dispute become subject to a foreign legal system