Gary and Houston have been running their own business for three years. When they started the business, they developed a guide for the planning policy which incorporated major policy decisions and methods for setting policies. They developed individual plans for carrying out each of the phases of the initial plan and even created a checklist, flow chart, and accountability chart for overseeing the implementation of all of the individual plans. Gary is finding it difficult keeping the plans straight when talking to Houston about them. What names should he use to refer to the guide, individual plans, and the plan to oversee the other plans?
A. Strategic plan, tactical plan, operational plan
B. Tactical plan, quality assurance plan, organizational plan
C. Organizational plan, strategic plan, objective plan
D. Operational plan, quality assurance plan, objective plan
Answer: A
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On October 29, 1989, Alex agrees to paint Georgia's house during the Thanksgiving week for $4,000 in exchange for Georgia's promise to pay him $4,000 in cash immediately upon completion of the work. Which of the following statements is true of this case?
A. Alex could back out of the deal on October 31 without legal liability to Georgia because she has not given any consideration for Alex's promise to do the work until she pays him. B. Georgia could hire another painter on October 31 without legal liability to Alex because until he has painted the house, he has not given any consideration for Georgia's promise to hire him. C. Alex could back out of the deal on October 29 without legal liability if he could prove that $4,000 was inadequate consideration to paint Georgia's house. D. Both parties are bound on October 29 because each has given consideration for the other's promise.
The equivalent units in beginning work in process inventory plus the equivalent units in ending work in process inventory equals the units transferred out plus the equivalent units for the work done during the period.
Answer the following statement true (T) or false (F)
Of the various forums for resolving international commercial disputes, the least important is:
a. arbitration b. International Court of Justice c. domestic (national) courts d. all of the other choices are of about equal importance e. none of the other choices are used much
Kingcade Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: HoursWait time20.3?Process time3.1?Inspection time2.1?Move time4.0?Queue time11.1?The delivery cycle time was:
A. 40.6 hours B. 35.4 hours C. 15.1 hours D. 4.0 hours