Mistakes in clerical or mathematical errors that are not the result of gross negligence are considered unilateral mistakes
Indicate whether the statement is true or false
TRUE
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Which of the following costs is not considered to be a period cost?
A. Freight paid on a purchase of raw materials B. Depreciation of delivery vehicles C. Salaries paid to company executives D. Warehousing costs
What is the significance of a "defect" in a product liability case based on strict liability?
A) Its presence would eliminate liability for the defendant. B) It is a required element in proof of such a case. C) Its presence would allow punitive damages to be awarded. D) The doctrine of strict liability. E) It is not necessary, but can be used to eliminate the need to prove that there was an injury.
When implemented as a comprehensive operations strategy, JIT, TPS, and lean systems sustain competitive advantage and result in increased overall returns
Indicate whether the statement is true or false
Selena's Fajitas, a fast food outfit, files a suit against the state of Texas, claiming that a Texas state law violates the commerce clause. The court will agree if the statute imposes a substantial burden on
a. a local government. b. interstate commerce. c. noneconomic activity. d. the state.