TQM ______.
A. is a quick fix
B. is costless because quality is free
C. may take several years to implement fully
D. is required to meet ISO certification standards
C. may take several years to implement fully
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On January 1, 2016, Stacie signed a lease agreement with Amy. Amy will use the equipment and make ten annual payments of $25,000 beginning December 31, 2016. The lease is considered to be a capital lease. When reading the Amy income statement, you would expect to find which of the following accounts?
A) Rent Revenue B) Interest Revenue C) Rental Expense D) Interest Expense
If the forecasted demand for June, July, and August is 32, 38 and 42, respectively, what is MSE?
The following data summarizes the historical demand for a product: Month Actual Demand March 20 April 25 May 40 June 35 July 30 August 45
Your friend, Linda, started a graphic design firm about a year ago. The business has done well, but it needs a lot more equipment, computers, and employees to continue expanding. Linda does not see any problem because she thinks she can easily get all the money she will need from her local bank. What advice might you give her?
A. She is right, the bank is likely to lend her as much as she needs because banks primarily focus on supporting small businesses. B. She is crazy, banks do not lend money to small businesses but only to well- known, well-established organizations. C. She should sell her business immediately before it fails because most small businesses fail during the first five years. D. She should not accept any new clients so that she can end the need to add additional equipment and employees. E. She should consider alternative sources of financing because banks provide only about one-fourth of the total capital to small businesses.
Answer the following statement(s) true (T) or false (F)
Sources of debt financing include trade credit, accounts receivable financing, factoring, and finance companies.