With a mass customization system, products are produced based on specific customer wants and needs

Indicate whether the statement is true or false


TRUE
Explanation: Through the use of a flexible manufacturing system, companies are able to produce products that meet specific customer wants and needs. This is called mass customization.

Business

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Brockmeyer, Inc purchased some equipment on January 1, 2016, for $300,000 that had a five-year useful life and no salvage value. Brockmeyer used double-declining-balance depreciation for both financial reporting and income tax purposes. On January 1, 2018, Brockmeyer changed to the straight-line depreciation method for this equipment and can justify the change. Brockmeyer will continue to use

double-declining balance depreciation for income tax reporting. Brockmeyer's income tax rate is 30%. Assuming Brockmeyer's 2018 income before depreciation and tax is $800,000, what is the amount of Brockmeyer's net income for 2018? A) $534,800 B) $570,800 C) $764,000 D) $800,000

Business

Heather owns a hair accessory company. She is looking to negotiate with her fabric supplier, which provides swimsuit material scraps, to reach a mutually beneficial agreement. Heather wants the supplier to consistently provide it with high-quality fabrics at a fair price within the allotted time frames. The fabric supplier would also be able to sell its otherwise unused scraps. The fabric supplier agrees and a formal contract is arranged. In the end, Heather has negotiated a long-term contract with the fabric supplier at a fair price, and the fabric supplier is guaranteed a new stream of business from Heather. Which type of bargaining does this scenario illustrate?

A. distributive bargaining B. competitive bargaining C. compromise bargaining D. integrative bargaining

Business

Financialization refers to:

A. the increased focus of corporations on deriving profits through financial transactions rather than through the delivery of goods and services. B. the increased focus of unions on deriving revenues through increasing membership and union dues. C. the declining importance of financial markets in determining labor relations outcomes. D. the increased tendency of management to evaluate labor relations based upon financial outcomes, rather than a humanistic outcomes.

Business

In January, Erwin told David, his nephew, that he would give him a car when he graduates from college. David graduated in May. If Erwin refuses to give David a car, David can sue him for breach of an inter vivos gift

a. True b. False Indicate whether the statement is true or false

Business