A ______ is something we know is true on the basis of observation; a(n) ______ is a conclusion we draw whether it is supported by facts or not.
Fill in the blank(s) with the appropriate word(s).
fact; inference
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Functional-area strategies
A. concern the actions, approaches, and practices to be employed in managing particular functions within a business. B. specify what actions a company should take to resolve specific strategic issues and problems. C. are normally crafted by the company's CEO and other senior executives. D. are concerned with how to unify the firm's several different operating strategies into a cohesive whole. E. are normally crafted by operating-level managers.
Answer the following statement(s) true (T) or false (F)
1. A process-focused layout is likely to lead to lower WIP inventories. 2. A project layout often involves frequent movement of the product during its assembly. 3. Kanban refers to the material movement or production signal or card in the TPS. 4. The term lean production originated at Toyota.
Which of the following would cause net income on the accrual basis to be different from (either higher or lower than) "cash provided by operating activities" on the statement of cash flows?
A. Paid advertising expense B. Purchased supplies for cash C. Purchased land for cash D. Paid dividends to stockholder
Chovita Motors Corp. is considering a machine that costs $100,000 that will increase the after-tax net operating income of the company. The net income for the next 3 years is expected to be $30,000, $90,000, and $150,000. The depreciation expense for the next 3 years will be $5,000, $3,000, and $2,000. If the machine has no salvage value, net present value (NPV) required of the project will be _____. The expected rate of return is 10%. (Round off the answer to nearest units place.)
A. $151,669 B. $175,600 C. $369,996 D. $122,878 E. $250,614