You are considering buying some stock in Continental Grain. Which of the following are examples
of non-diversifiable risks?
I. Risk resulting from a general decline in the stock market.
II. Risk resulting from a possible increase in income taxes.
III. Risk resulting from an explosion in a grain elevator owned by Continental.
IV. Risk resulting from a pending lawsuit against Continental.
A) II, III, and IV B) I only C) III and IV D) I and II
D
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What is the process of continuously measuring system results, comparing those results to optimal system performance, and identifying steps and procedures to improve system performance?
A. Benchmarking B. Bottlenecking C. Consolidation D. Cycle time
Organic Sugar, Inc in Ohio has six processing departments for refining sugar—Affination, Carbonatation, Decolorization, Boiling, Recovery, and Packaging
Conversion costs are added evenly throughout each process. Data from the month of August for the Decolorization Department are as follows: Metric Tons Beginning Work-in-Process Inventory 0 Transferred in production 12,200 Completed and transferred out to Boiling in August 7,200 Ending Work-in-Process Inventory 5,000 Costs Beginning Work-in-Process Inventory $0 Costs added during August Direct materials 2,100,000 Direct labor 1,030,000 Manufacturing overhead 600,000 Total costs added during August $3,730,000 The ending Work-in-Process Inventory is 100% and 70% complete with respect to direct materials and conversion costs, respectively. Compute the equivalent units of production (EUP) for direct materials and for conversion costs for the month of August. A) 10,700 EUP for direct materials and 3,500 EUP for conversion costs B) 12,200 EUP for direct materials and 10,700 EUP for conversion costs C) 3,500 EUP for direct materials and 10,700 EUP for conversion costs D) 12,200 EUP for direct materials and 3,500 EUP for conversion costs