The business operating cycle of a manufacturing company is the time it takes for a company to collect cash from customers, purchase materials, convert materials to to finished products, inspect product, store product in a warehouse, receive an order from customers, ship product to them, and receive an acknowledgment of receipt from customers.

a. true
b. false

Ans: a. true

Business

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An industrial food-processing factory has been applying the behavioral science approach to management for over 100 years. However, because that method of management is too simplistic for practical use, the factory managers should begin implementing principles of the newer and more sophisticated human relations movement, which is the most contemporary approach to management.

a. true b. false

Business

How many "acts" does a meal at Chez Jean consist of?

a. One act b. Two acts c. Three acts d. Four acts e. Five acts

Business