Non-value-adding manufacturing is which of the seven wastes?
a. Overprocessing
b. Transportation
c. Excess inventory
d. Excess movement
a. Overprocessing
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The journal entry used to record the issuance of an interest-bearing note for the purpose of borrowing funds for thebusiness is
a. debit Accounts Payable; credit Notes Payable b. debit Cash; credit Notes Payable c. debit Notes Payable; credit Cash d. debit Cash and Interest Expense; credit Notes Payable
U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is/are not true?
a. U.S. GAAP provides four criteria, any one of which qualifies a lease as a capital lease. b. IFRS provides general criteria for identifying the entity enjoying the rewards and incurring the risk. c. Firms can currently apply the fair value option to capital leases. d. The FASB and the IASB have undertaken a joint project involving the lessee's accounting for leases which may result in treating all leases as capital leases. e. all of the above
________ corporate social responsibility focuses on increasing sales and cutting costs to maximize returns to stockholders.
A. Legal B. Ethical C. Benevolent D. Social
Communication noise A) occurs only with the sender in the communication process
B) includes only environmentally produced sounds that prevent the message from being transmitted. C) is anything that interrupts the transmission of a message. D) describes the medium over which the message travels.