In linear programs with many variables, even though we cannot graph the feasible region, the optimal solution will still lie at a "corner point."
Indicate whether the statement is true or false
TRUE
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Cash received in advance for performing a service or delivering a product is called unearned revenue
a. True b. False Indicate whether the statement is true or false
Which process does a service firm such as a credit card company use to process bills?
a. project process b. batch process c. repetitive process d. unique process
Yamane Corporation, a manufacturer, uses the step-down method to allocate service department costs to operating departments. The company has two service departments, Administration and Facilities, and two operating departments, Assembly and Finishing. Data concerning those departments follow: Service DepartmentsOperating Departments AdministrationFacilitiesAssemblyFinishingDepartmental costs$22,620$67,440$105,520$427,780Labor hours 3,000 2,000 21,000 16,000Space occupied 7,000 1,000 32,000 3,000 Administration Department costs are allocated first on the basis of labor hours and Facilities Department costs are allocated second on the basis of space occupied. The total Finishing Department cost after allocations is closest to:
A. $443,342 B. $441,102 C. $433,660 D. $442,940
An individual who executes eight tasks to perform a job has a wider job ________ than a person executing four.
A. richness B. range C. diversity D. specification