Brandname Parts, Inc, makes and sells parts for the repair of major appliances. Clarice suffers a loss when a defective Brandname part in her freezer fails to keep the contents fresh. A statute restricts the time within which Clarice may file a product liability suit once she has discovered or should have discovered the damage. This is a statute of
A) limitations
B) preemption.
C) repose.
D) suspension.
A
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Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000 units in work in process on February 1 that were 60% complete with respect to conversion costs. During the month, 10,000 units were completed. At the end of the month, 4,000 units remained in work in process that were 40% complete with respect to conversion costs. Materials are added at the beginning of the process.How many units were started into production during February?
A. 9,000 B. 10,000 C. 9,800 D. 11,000
Answer the following statements true (T) or false (F)
1. The first step of the strategic-management process is to establish the grand strategy. 2. The strategic-management process has five steps and a feedback loop. 3. A vision will be demoralizing to employees if it describes a future state that appears beyond the reach of the organization. 4. Many good mission statements include descriptions of an organization's customers, as well as its major products or services.
In a production environment that manufactures goods to customer specifications, a job-order costing system
a. can be used only if standard costs are used for materials and labor. b. will provide reasonable product cost information only when all jobs utilize approximately the same quantities of material and labor. c. may be maintained using either actual or predetermined overhead rates. d. emphasizes that large customers create the most costs even though they also provide the most revenues.
Adopting a just-in-time (JIT) manufacturing process may enable a company to increase its manufacturing efficiency cycle(MCE)
Indicate whether the statement is true or false