After a certain point, no further learning occurs, and each subsequent repetition or unit produced take the same amount of time, and the system has reached a steady state. This is illustrated by the ______ of the learning curve.
a. steep increase
b. steep decrease
c. flattening
d. smoothing
c. flattening
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If the amount assigned to ending inventory is incorrect,
a. The balance sheet is affected, but the income statement is not. b. The income statement is affected, but the balance sheet is not. c. The balance sheet is affected, but cost of goods sold is not. d. Both the balance sheet and the income statement are affected.
Recording an account with a debit balance as a credit, or vice versa, will cause the trial balance to be out of balance by an amount that is evenly divisible by 2
Indicate whether the statement is true or false
The expense recognition principle, also called the matching principle:
A. Provides guidance on when a company must recognize revenue. B. Prescribes that accounting information is based on actual cost. C. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold. D. Prescribes that a company record the expenses it incurred to generate the revenue reported. E. Prescribes that a company report the details behind financial statements that would impact users' decisions.
Which of the following is NOT one of the more common problems associated with scheduling multiproject resources?
A. Decline in project quality B. Resource bottlenecks C. Delays in one project causing delays in other projects D. Inefficient resource utilization E. Overall schedule slippage