Identify the essence of lean manufacturing, an approach developed by Toyota as a way of achieving quality, flexibility, and cost effectiveness.
A. Democratic management
B. Military leadership
C. Commonsense management
D. Servant leadership
Answer: C
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Which of the following statements is true with regard to career life insurance agents?
A) They represent several different life insurance companies. B) They are compensated largely through a salary and not through commissions. C) They are paid the same commission rate on new and renewal business. D) The insurer provides financing, training, supervision, and office facilities for career agents.
What are Web services?
A. Contains a repertoire of Web-based data and procedural resources that use shared protocols and standards permitting different applications to share data and services. B. The capability of two or more computer systems to share data and resources, even though they are made by different manufacturers. C. A broad, general term that describes nonproprietary IT hardware and software made available by the standards and procedures by which their products work, making it easier to integrate them. D. A computer system designed that in the event a component fails, a backup component or procedure can immediately take its place with no loss of service.
On February 15, Jewel Company buys 7,000 shares of Marcelo Corp. common stock at $28.53 per share plus a brokerage fee of $400. The stock is classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $1.15 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.30 per share less a brokerage fee of $250. The fair value of the remaining shares is $29.50 per share. The impact on Jewel's net income as a result of its investment in Marcelo Corp. was a(n):
A) Increase to income of $10,295. B) Increase to income of $8,050. C) Increase to income of $2,245. D) Decrease to income of $3,195. E) Decrease to income of $5,440.
Which of the following is NOT directly reflected in the cash budget of a firm that is in the zero tax bracket?
A. Depreciation. B. Cumulative cash. C. Repurchases of common stock. D. Payment for plant construction. E. Payments lags.