Discuss why standards may need to be changed after they have been in effect for some period of time
Standards may need to be changed from time to time because of changing economic conditions, availability of materials, quality of materials, and labor rates or skill levels. Standards should be reviewed periodically to assure management that current standards are being established and used.
Business
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Successful leaders enlist the team in scoring collective wins that result from working together toward a shared vision.
a. true b. false
Business
A petty cash fund was established with a $390 balance. It currently has cash of $43 and petty cash tickets totaling $347. Which of the following would be included in the entry to replenish the fund?
A) a credit to Petty Cash for $347 B) a debit to Petty Cash for $43 C) a credit to Cash for $43 D) a credit to Cash for $347
Business