________ is the pace (frequency) of production necessary (time per unit) to meet customer orders
Fill in the blanks with correct word
Takt time
Business
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Which one of the following cost flow assumptions provides the lowest inventory value in periods of rising prices?
A) FIFO periodic B) LIFO periodic C) FIFO perpetual D) moving average
Business
The tendency of the deviations from the mean to be larger in one direction than in the other is called ________
A) kurtosis B) type I error C) skewness D) type II error
Business
A company issued 60 shares of $100 par value common stock for $7,000 cash. The total amount of paid-in capital in excess of par is:
A. $100. B. $7,000. C. $600. D. $1,000. E. $6,000.
Business
Parties to a contract agree in advance to pay ________ damages if the contract is breached
A) nominal B) compensatory C) liquidated D) consequential
Business