In its initial year of operation, Montoya Manufacturing started and completed 4,000 identical widgets and had 1,000 widgets that were 40% complete in work-in-process at the end of the year. Total production costs for the year were $55,000. What was the equivalent units of production during the year?
A) 4,600 equivalent units
B) 5,000 equivalent units
C) 4,000 equivalent units
D) 4,400 equivalent units
D
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Competitive strength can be determined by assigning measures based on perceived importance because
A. the results provide a more reliable measure of what competitive moves rivals are likely to make next. B. it eliminates the bias introduced for those firms having large market shares. C. it provides a more accurate assessment of the strength of competitive forces. D. the different measures of competitive strength are unlikely to be equally important. E. weighting each company's overall competitive strength by the size of its market share produces a more accurate measure of its true competitive strength.
Which of the following is a common error that hinders the accurate interpretation of data??
A) Interpreting results from a large sample? B) ?Tabulating a questionnaire with many items C) Basing a conclusion on lack of evidence? D) ?Applying statistical analysis
The two different ways of assessing batch sizes developed by Eli Goldratt are ______.
A. process batch and product batch B. process batch and transfer batch C. transfer batch and product batch D. transfer batch and delivery batch
The universality of management means that ________.
A. all managers in all organizations perform the four management functions B. all managers in all organizations perform the same quantity of managerial functions C. all managers in all organizations perform managerial functions in similar ways D. any manager can work in any organization and perform any management function