The constraint AJ:
A) is a binding constraint.
B) has no surplus.
C) does not contain feasible points.
D) contains the optimal solution.
Answer: B
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Who is responsible for establishing and maintaining the internal control system?
a. the internal auditor b. the accountant c. management d. the external auditor
Which statement is true?
a. World-class companies must maintain strategic agility and be able to turn on a dime. b. World-class companies motivate and treat employees like appreciating assets. c. Manufacturing firms that achieve world-class status do so by following a philosophy of lean manufacturing d. All the above are true
Cost containment practices by a firm would not be effective for cost increases caused by
a. inflation. b. a reduction in the quantity of an input purchased. c. normal seasonality. d. a reduction in the number of suppliers.
A corporation purchased 1,000 shares of its $5 par common stock at $10 and subsequently sold 500 of the shares at $20. What is the amount of revenue realized from the sale?
A) $0 B) $5,000 C) $2,500 D) $10,000