Greg owns a furniture business and produces only enough goods to meet the current demand. This helps him save inventory-holding costs. In the given scenario, Greg uses just-in-time (JIT) production.
Answer the following statement true (T) or false (F)
True
In the given scenario, Greg uses JIT production. JIT produces only enough goods to satisfy current demand. See 17-6: The Move to Be Lean and Green: Cutting Cost and Cutting Waste
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Which of the following businesses most likely would have a large Unearned Revenue account balance at all times?
a. Dry cleaners b. Realtor c. Magazine publisher d. Department store
The instructions for the new training software are complicated and dif?cult for many people to understand. Several employees, however, have suggested simpler instructions for working with the software
What might be an ef?cient way of having employees share these suggestions and come to a consensus? A) Have each employee send out an e-mail with their instructions. B) Hold a team meeting to hear each employee's instructions. C) Start a wiki for the instructions. D) All of the above.
Fact Pattern 32-1BLiz and Molly work as clerks in Nia's Dress Shop. Nia withholds federal taxes from their pay, and controls the methods and details of the performance of their work. Liz and Molly are not authorized to modify the prices or other terms of a sale at the shop.Refer to Fact Pattern 32-1B. At the shop, Liz and Molly are
A. independent contractors. B. Nia's employees only. C. Nia's employees and agents. D. Nia's principals.
Nathan bought a zero coupon bond in 2003 for $485.19. In 2013 he redeemed it for $1,000. His internal rate of return on this investment was
A) 206.1%. B) 20.6%. C) 7.5%. D) 0.00%.