What steps or activities are involved in developing standards for the materials that are used in making a product?
What will be an ideal response?
Answers will vary.
The steps include identifying where the best price for materials is available, who will pay transportation costs, whether there are cash or volume discounts available, whether the suppliers can deliver goods reliably and on time, and how to use the material efficiently to minimize costs.
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Which of the following would appear as a prior period adjustment?
a. loss resulting from the sale of fixed assets b. difference between the actual and estimated uncollectible accounts receivable c. error in the computation of depreciation expense in the preceding year d. loss from the restructuring of assets
What equity and loyalty issues are involved?
What will be an ideal response?
What are the purposes of defensive strategies? Give at least two examples of defensive moves.
What will be an ideal response?
Katz and Kahn identified which of the following as an organizational source of resistance to change?
A. Threatened expertise B. Rapidity of change C. Decentralization D. Formalization E. Specificity of change