Which of the following is the upper control limit for a c-chart (UCL c) with the average number of nonconformances per unit equal to 7?
A) More than 11 but less than or equal to 12
B) More than 12 but less than or equal to 13
C) More than 13 but less than or equal to 14
D) More than 14 but less than or equal to 15
D
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When an additional partner is admitted to a partnership by contribution of assets to the partnership
a. the total assets of the partnership do not change b. no liabilities can be contributed at the same time c. the amount of the cash contribution is the same as the amount of the debit to the new partner's capital account d. the total of the owner's equity accounts increases
In a corporation, the personal assets of stockholders cannot be taken to pay creditors
Indicate whether the statement is true or false
Which of the following should be considered when analyzing manufacturing overhead variances?
A) whether costs incurred are product costs or period costs B) whether direct materials costs are higher than standard costs C) whether certain manufacturing overhead costs are controllable D) whether direct labor costs can be reduced
Primark, an Irish clothing retailer, uses an overall cost leadership strategy. This could fail if it
A. cannot maintain parity on differentiation dimensions requested by customers. B. increases its sales prices while maintaining competitor parity. C. exceeds customer expectations. D. maintains parity with competitors on low cost.