Your company faced a challenge when a natural disaster closed two warehouses and stopped all shipments. What is considered a natural disaster?
A. an industrial oil spill
B. an earthquake
C. a terrorist attack
D. a release of harmful chemicals in the warehouses
E. a union walk-out
Answer: B
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Which of the following does not reflect the accounting and impact on the statement of cash flows for the sale or transfer of accounts receivable?
A. Receivable sales transfer future operating cash flows into the current period. B. Receivable sales create an operating cash inflow on the cash flow statement. C. Receivable sales are not reported in the statement of cash flows as they do not represent collections from the end customers and therefore are not part of operating cash flows. D. Receivable transfers that are secured borrowings have no effect on operating cash flows.
Which of the following is (are) true about time fences in a master production schedule system?
I. Changes far out in the planning horizon can be made with little or no cost to manufacturing. II. In the "frozen zone," capacity and materials are committed to specific orders. III. Changes in the near future on the planning horizon are less costly to make than changes far out. A) I and III only B) I and II only C) II and III only D) I, II, and III E) none of the above
Why have so many online retailers had difficulty in achieving profits? How has this changed by 2015?
What will be an ideal response?
If the master budget prepared at a volume level of 10,000 units includes direct materials of $40,000, a flexible budget based on a volume of 12,000 units would include direct materials of $48,000.
Answer the following statement true (T) or false (F)