A firm uses graphical techniques in its aggregate planning efforts. Over the next twelve months (its intermediate period), it estimates the sum of demands to be 105,000 units. The firm has 250 production days per year
In January, which has 22 production days, demand is estimated to be 11,000 units. A graph of demand versus level production will show that:
A) the January requirement is below level production of 420 units.
B) level production is approximately 1000 units per day.
C) level production of 420 units per day is below the January requirement.
D) level production is approximately 420 units per month.
E) the firm must hire workers between December and January.
C
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A balance sheet shows the
A) fair value of a company at a particular date. B) results of the company's income-producing activities. C) financial position of a company at a particular date. D) cash inflows and outflows of a company for the accounting period.
An example of a financial transaction is
a. the purchase of computer b. a supplier's price list c. a delivery schedule d. an employee benefit brochure
Cathy obtains from Depend Insurance Company a policy that provides if a dispute arises between the parties concerning the settlement of a claim, the dispute must be submitted to an impartial third party, not a court, for resolution. This is
A. an antilapse clause. B. an arbitration clause. C. an appraisal clause. D. an incontestability clause.
As a judge in a federal court, Christine can decide, among other things, whether the laws or actions of the executive and legislative branches are constitutional. The process for making this determination is known as
a. judicial review. b. jurisdiction. c. venue. d. early neutral case evaluation.