All of the following people were primarily responsible for the development of MRP concepts except?
a. Orlicky
b. Lam
c. Plossl
d. Wight
b. Lam
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Cement and petrochemicals are produced by the batch manufacturing method
Indicate whether the statement is true or false
Which ethical principle asks you to assume that virtually all tangible and intangible objects are owned by someone else unless there is a specific declaration otherwise?
A. the Golden Rule B. the Slippery Slope C. the Social Contract Rule D. No Free Lunch
What is accomplished by the Mondragon Corporation’s pay solidarity rules?
a. preventing too high a percentage of profits from going to workers instead of the company b. capping the amount any worker can make in any one given year c. equal distribution of profits d. limiting the range of pay disparity between the highest and lowest earners
Bonds Payable on the balance sheet of Michael LLC includes one series of bonds initially issued at a premium. The entry made in the accounting records for interest expense during the period was as follows: Interest Expense . . . . . . . . . . . . . . . . .4,500 Premium on Bonds Payable . . . . . . . . . . 500 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000 The firm spent
$5,000 of cash even though it subtracted only $4,500 of interest expense in computing net income. In preparing the statement of cash flows using the T-account work sheet a. subtract an additional $5,000 from net income to derive cash flow from operations. b. subtract an additional $4,500 from net income to derive cash flow from operations. c. subtract an additional $500 from net income to derive cash flow from operations. d. add an additional $500 from net income to derive cash flow from operations. e. add an additional $4,500 from net income to derive cash flow from operations.