Preferred stock is riskier than long-term debt because its claim on assets and income come after

Employees whose main contribution to the organization is specialized knowledge, such as knowledge of customers, a process, or a profession, are

a. technical specialists. b. college or university graduates. c. knowledge workers. d. HR professionals. e. generalists.

One of the major advantages of process-oriented layouts is:

A) high equipment utilization. B) large work-in-process inventories. C) flexibility in equipment and labor assignment. D) smooth and continuous flow of work. E) small work-in-process inventories.