The objective of ______ is to ensure that there is sufficient manufacturing and distribution capacity to meet the demand forecasts.
a. operations planning
b. financial planning
c. supply planning
d. demand planning
c. supply planning
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Due to a weakness observed in internal control over recording retirements of equipment, the auditor may decide to:
A. trace additions to the "other assets" account to search for equipment that is still on hand but no longer is being used. B. select certain items of equipment from the accounting records and locate them in the plant. C. inspect certain items of equipment in the plant and trace those items to the accounting records. D. review the subsidiary ledger to ascertain whether depreciation was taken on each item of equipment during the year.
What question do you need to answer in order to identify your specific purpose or thesis statement of your intended message?
a. What do I want to say? b. What is the key message I want my audience to take away? c. Why am I writing this? d. none of the above
Which of the following statements is TRUE of financial accounting?
A) It provides information to investors needed for their investment decisions. B) It provides future focused information needed for managing and delegating operations. C) It focuses on detailed reports for parts of the company rather than the whole company. D) It focuses on planning, directing and controlling day-to-day operations.
Which of the following is not a requirement of a Subchapter S corporation?
a. It must be a domestic corporation. b. It must have no more than 50 shareholders. c. A corporation or partnership cannot be a shareholder. d. It may have only one class of stock.