If a buyer rightfully rejects nonconforming goods, he or she can resell them and retain the proceeds, without crediting the amount to the seller.
Answer the following statement true (T) or false (F)
False
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If activity-based costing is implemented in an organization without any other changes being implemented, total overhead manufacturing costs will
a. be reduced because of the elimination of non-value-added activities. b. be reduced because organizational costs will not be assigned to products or services. c. be increased because of the need for additional people to gather information on cost drivers and cost pools. d. remain constant and simply be spread over products using different cost drivers.
Businesses often conventionally perceive the relationship between social responsibility and financial performance as a ______.
a. win-win b. lose-lose c. trade-off d. stalemate
Refer to the table. Assuming a Poisson distribution arrival rate and an exponential distribution service rate, what is the Kendall notation of this system?
A) M/M/1 B) M/D/1 C) M/G/1 D) D/M/1 E) G/M/1
Recidivist laws refer to state statutes that
a. keep sex offenders incarcerated. b. keep repeat offenders incarcerated, primarily for perpetrators of violent offenses. c. provide for early release for prisoners who have demonstrated their rehabilitation. d. provide for compensation for victims of serious crimes.