Which of the following is true about vertically integrated companies?
a. They are able to eliminate all constraints
b. The products produced by the company are always unique
c. They are not dependent on suppliers for timely delivery
d. They have steps in the value chain operating at peak efficiency
c
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After she complained about a hostile work environment in her department, Erika’s managers started criticizing her work daily and giving her reprimands for not doing work to which she was not assigned. Eventually, Erika could not stand the pressure and quit. It is likely Erika experienced ______ discharge.
A. wrongful B. constructive C. economic D. express
The assembly time for a product is uniformly distributed between 2to 10 minutes. The probability of assembling the product in 4minutes or more is
A. 0.25. B. 0.75. C. 0. D. 1.
On September 12, Ryan Company sold merchandise in the amount of $5,800 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Johnson uses the periodic inventory system and the net method of accounting for purchases. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Johnson makes on September 18 is:
A.
| Accounts payable | 5,684 | |
| Cash | 5,684 |
B.
| Accounts payable | 4,000 | |
| Merchandise inventory | 80 | |
| Cash | 3,920 |
C.
| Purchases | 5,684 | |
| Cash | 5,684 |
D.
| Cash | 5,684 | |
| Purchases discounts | 116 | |
| Accounts payable | 5,800 |
E.
| Accounts payable | 5,800 | |
| Purchases discounts | 116 | |
| Cash | 5,684 |
Which of the following quality gurus believed that companies should strive for zero defects and that quality was, in a sense, free since quality improvement programs invariably paid for themselves?
a. Juran b. Deming c. Baldrige d. Crosby