A process that meets the statistical notion of Six Sigma produces 3.4 defects per million pieces produced

The statement of cash flows (indirect method) reports depreciation expense as an addition to net income because depreciation

A. causes an inflow of funds for the replacement of assets. B. reduces reported net income of the period but does not involve an outflow of cash for that period. C. is a direct use of cash. D. reduces reported net income and causes an inflow of cash.

Krispy Kreme donuts, a well-known donut retailer (but much smaller than Dunkin Donuts), most likely emphasizes which one of the following business strategies?

a. cost leadership b. product differentiation c. strategic alliances d. high speed