A business begins with $1,000,000 from its owners. It places $100,000 into a bank account which it wishes to maintain as a cash reserve. It needs to purchase $1,000,000 of equipment and materials. How much does it need to borrow?

Compensation expense related to employee stock option plans is to be measured by the excess of the

a. option price over the fair value of the stock at the date the options are granted. b. fair value of the stock over the option price at the date the options are exercised. c. option price over the fair value of the stock at the date the options are exercised. d. fair value of the stock over the option price at the date the options are granted.

In the context of process design,__________is defined as the ability to produce the right types and amounts of products as customer demand or preferences change

A) flexibility B) outsourcing C) throughput D) utilization