With respect to the various tools used in lean thinking, in the _____ system, upstream suppliers do not produce until the downstream customer signals a need for parts
a. pull production
b. kaizen
c. reduced handoff
d. standardized work system
a
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One kind of agent contract is behavior-contingent and is based on how the agent behaves in the role, versus a(n) ________-contingent contract, in which the agent is paid based on the type of results they achieved.
Fill in the blank(s) with the appropriate word(s).
Courington Detailing's cost formula for its materials and supplies is $2010 per month plus $6 per vehicle. For the month of August, the company planned for activity of 96 vehicles, but the actual level of activity was 56 vehicles. The actual materials and supplies for the month was $2420.The materials and supplies in the flexible budget for August would be closest to:
A. $2586 B. $2420 C. $1481 D. $2346
The operating cycle is the time span required for a business to repay its long-term liabilities
Indicate whether the statement is true or false
As of December 31, Year 1, Mason Company had $500 cash. During Year 2, Mason earned $1,200 of cash revenue and paid $800 of cash expenses. What is the amount of cash that will be reported on the balance sheet at the end of Year 2?
A. $400 B. $2,500 C. $900 D. $1,700