Which of the following is NOT consistent with the lean philosophy?
a. Cross-training employees to increase processing flexibility
b. Developing a culture of continuous improvement within the organization
c. Increasing batch size to take advantage of economies of scale
d. Positioning WIP inventories near each processing center
c
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The Federal Trade Commission (FTC) test of substantiation requires:
A) a comparison of marketing claims made by competing firms B) the use of a code of ethics C) data, facts, or competent and reliable evidence D) testimony from an expert in the field
Cash inflows and outflows are not netted in any activity section of the statement of cash flows but are separately disclosed to give the reader full information
Indicate whether the statement is true or false
Provide the definition of training and development.
What will be an ideal response?
Which of the following is false regarding the fiduciary duty that partners have to the partnership?
a. Partners are liable to the partnership for intentional misconduct only if the partnership agreement specifically provides as such. b. Partners are entitled to compete with the partnership unless the position of managing partner is held. c. If a partner secretly engages in a conflict of interest, he must turn over to the partnership any profits he earned from that activity. d. A partner may take an opportunity from the partnership so long as this is done prior to its consideration by the other partners.