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r-ruslan [8.4K]
3 years ago
13

The most appropriate match between type of product and type of process occurs as one moves away from the diagonal in the product

-process matrix.
True / False.
Business
1 answer:
Pavel [41]3 years ago
5 0

The given statement " The most appropriate match between type of product and type of process occurs as one moves away from the diagonal in the product-process matrix " is FALSE

Explanation:

An object is a tangible product which can be marketed or used to meet internal company specifications to external consumers. A method is systemic For example – a procedure can be used in order to create a commodity.

Different objects are clustered together in a process configuration.

Process models are suitable for small businesses that do not need a single product. All unit, equipment, and machines according to how a product is made are placed in a design layout.

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4. Why is the customer service department of a company important?
svp [43]
Because sometimes the customer service department of a company is always right but then again sometimes they are wrong so just try to believe it and try to think they're right because you never know.

Hope this is what you're looking for. Have a great day! :D
6 0
3 years ago
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job orde
Alexandra [31]

Answer:

1. Dr Raw materials inventory $175,000

Cr Cash $175,000

2. Dr Goods in process inventory $138,000

Cr Raw materials inventory $138,000

3. Dr Factory overhead $7,000

Cr Raw materials inventory $7,000

Explanation:

Preparation of journal entries transactions for the month of May.

1. Dr Raw materials inventory $175,000

Cr Cash $175,000

2. Dr Goods in process inventory $138,000

Cr Raw materials inventory $138,000

($26,000+$175,000-$7,000-$56,000)

3. Dr Factory overhead $7,000

Cr Raw materials inventory $7,000

4 0
3 years ago
Foote Company recorded a purchase discount of $200 on merchandise the company had purchased on account a few days ago. Foote use
romanna [79]

Answer:

B. n/a (200) 200 200 n/a 200 n/a

Explanation:

A purchase discount is a contra-expense account which has a credit balance. Expenses have normal debit balances, so a credit balance will decrease the expenses incurred by the company.

E.g. you paid $100 within the discount period (2% discount)

Dr Accounts payable 100

    Cr Cash 98

    Cr Purchase discounts 2

This transaction doe snot affect assets, but it will decrease liabilities by $200 and increase R.E. by $200. Since this is a contra expense account, it will increase revenue and net income. It doesn't generate any additional cash flows.

7 0
3 years ago
__________ manages the movement of raw materials, parts, work in progress, finished goods and related information throughout the
Ugo [173]

Answer:

<u>Supply chain management.</u>

Explanation:

Supply chain management is characterized as an organizational process whose main objectives are to establish control, management and integration of all elements of a supply chain, services, finances and information within a chain with diverse participants as a factory. , suppliers and end customers. In addition to providing optimization and integration techniques between inventory, transportation and cost.

The benefits of managing an appropriate and targeted organization-wide supply chain are reducing costs throughout the entire supply chain, as well as providing the right customer service at the right time, at the right price, at the right amount, to perform a higher quality service.

5 0
3 years ago
What is the name of the document that companies use to report quarterly financial results?.
Tpy6a [65]
Form10-Q is the SEC filing form that accompanies quarterly financial report and might be what you are referring to.
3 0
2 years ago
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