The three forms of business entities are:
a. Government, cooperatives, and philanthropic organizations
b. Financing, investing, and operating
c. Sole proprietorships, partnerships, and corporations
d. Wholesaler, manufacturer, and retailer
c
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In order to evaluate a company's gross profit ratio,
a. the ratio should be compared with other companies in the same industry. b. the ratio should be compared with those of both prior years and competitors. c. the ratio should be compared with forecasted financial statements. d. the ratio should be compared with those of prior years.
Sellars Inc manufactures widgets. On June 30, the company had 2,000 widgets in inventory. The company's policy is to maintain a widget ending inventory equal to 10% of next month's sales. In addition, each widget manufactured requires 6 minutes of assembly and inspecting time at a cost of $.25 per minute. The company expects the following sales activity for the third quarter of the year: July
25,000 units August 38,000 units September 30,000 units What is the projected direct labor cost for August? A) $55,800 B) $57,000 C) $61,500 D) $58,200
Answer the following statement(s) true (T) or false (F)
1. Lean implementation can cause discomfort and stress among some employees. 2. Terminating those employees who are below average in productivity is one of the tenets of the philosophy of lean. 3. Reverse logistics is a task involved in order processing and delivery. 4. An area in which Lean Six Sigma has been applied is the implementation of creative thinking.
One reason to know your presentation well before you face the audience is so that you can
A) ask questions to gauge the audience's knowledge of the topic before you begin speaking. B) practice adjusting the microphone's audio feedback and volume at the start of your talk. C) use jargon and slang if appropriate for all listeners. D) maintain eye contact with members in all corners of the room as you speak. E) speak more quickly than normal and make all your points before time runs out.