Which of the following statements is true of the Mexican economy?
A) Since the formation of EFTA, Mexico has been modernizing its infrastructure.
B) Immigrant workers from Mexico fill the need for low-cost labor in the U.S.
C) Over 80 percent of Mexico's trade is with Canada.
D) Americans have invested more in Mexico than any other foreign land.
B
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Which of following can be used to pinpoint problems such as bottlenecks and delay points, wasteful activities such as rework, and locations where redundant or unnecessary activities occur?
a. Value stream map (VSM) b. Process simulation c. Service blueprint d. Process chart
When someone familiar with each task estimates what percent of the task has been completed or how much of the task remains, they are creating a method for assigning costs to the baseline called the
A. Work complete rule. B. Task complete rule. C. Percent complete rule. D. Degree complete rule. E. 0/100 percent rule.
Assume that a private university collects tuition and fees at the beginning of summer school, in which two weeks are offered in the first fiscal year and the remaining six weeks are offered in the second fiscal year. According to the approach recommended by the National Association of College and University Business Officers (NACUBO), the university would:
A. record the collections as a debit to Cash and a credit to Deferred Revenue for the entire amount of the collections. B. account for the entire tuition and fees as revenue in the first fiscal period. C. recognize revenue in the first fiscal period for two-eighths of the tuition and fees and record six-eighths of the collections as a deferred revenue. D. record the collections as a debit to Cash and a credit to Restricted current revenue for the entire amount of the collections.
Differentiate between purchasing activities and procurement activities