Directors who are not employees, former employees, or family members of employees and who do not have existing or potential business relationships with the firm are called ________

A) monitoring directors
B) independent directors
C) gray directors
D) inside directors

Answer: B

Business

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Red Chilly Productions, a production studio based in the United States, decides to make a major change in its distribution strategy. It withdraws contracts from its retail partners and begins to operate its own rental store

This results in its retail partners filing several lawsuits against the company. This scenario is an example of__________. Fill in the blanks with correct word.

Business

In the basic flow of inventory through a manufacturing system, which of the following occurs first in a job costing system?

A) Cost of goods sold B) Finished goods inventory C) Work in process inventory D) Raw materials inventory

Business