A reason the corporate status is often chosen is:
a. corporations have the status of a legal person
b. the Civil Rights Act of 1964 does not apply to corporations c. shareholders have the right to instruct management
d. directors are immune from liability suits e. none of the other choices are true
a
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Which of the following is not a component of TQM?
A. Use accurate standards to identify and eliminate problems. B. Urge employees to strive for "zero defects." C. Make continuous improvement a priority. D. Get every employee involved. E. Listen to and learn from customers and employees.
What are the required sales in units for Khayyam to break even? (Round your answer up to the nearest whole unit.)
Khayyam Company, which sells tents, has provided the following information:
A) 227 units
B) 1155 units
C) 283 units
D) 374 units
The expected annual usage of a specific raw material used in the production process is 250,000 units, and standard order size is 25,000 units. The invoice cost of each unit is $75, and the cost to place one purchase order is $150 . The estimated annual order cost is:
a. $6,000 b. $1,500 c. $15,000 d. $12,000
Explain the importance of seniority in union contracts and discuss the various ways in which seniority is used in making job-related decisions. Why is seniority preferable to other methods of making these same decisions?
What will be an ideal response?