Which of the following is a method of inventory cost management that seeks to eliminate excess inventory?
A. lean production
B. sustainable production
C. just-in-time production
D. supply chain simplification
Answer: C
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Preparing objectives for the sales demonstration and a plan to reach those objectives is the:
A) product strategy B) customer strategy C) presentation strategy D) relationship strategy E) marketing strategy
A taxpayer incurs a net operating loss in the current year. With respect to the application of the NOL,
A) the taxpayer will carry back the NOL three years first, then carry forward any balance for five years. B) the taxpayer must carry forward the loss and has up to 20 years to use it. C) the taxpayer can carry forward the loss indefinitely until there is sufficient taxable income to use it up. D) the taxpayer will first carry back the NOL for two years, then carry forward the balance for a period of 20 years, or the taxpayer can elect to only carry forward the loss for the 20-year allowable period.
Movement along the supply curve typically slopes upward because ________
A) the amount of government regulation in an industry rises with increase in demand B) the quantity that the sellers are willing to supply rises with decrease in demand C) the amount of government regulation in an industry rises with increase in price D) the quantity that the sellers are willing to supply rises with increase in government regulation E) the quantity that the sellers are willing to supply rises with increase in price
Which of the following applications would an auditor apply to determine the probability of a corporation's account balance being in error?
A) Overinvolvement ratios B) Probability rules C) Bayes' theorem D) Empirical formula