In lean systems, work-in-process inventory is a direct result of overproduction and waiting

Indicate whether the statement is true or false

TRUE

Business

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The Mount Pilot Airport Authority is governed by a seven-member board. Four of the board members are appointed by the town of Mount Pilot and the remaining three are appointed by the governing board of Griffith County

Neither the town nor the county share in any profits, nor are required to fund any deficits, of the Authority. The town, however, does approve the Authority's proposed budget. The county may make budgetary recommendations to the Authority, but they are not required to approve the proposed budget. The Authority should be reported as A. A jointly governed organization by both the town and the county. B. A joint venture by both the town and the county. C. Discrete component units of both the town and the county. D. A discretely presented component unit of the town.

Business

Ken and Kira recently married and do not currently have any children. They both work and are conscientiously saving their money so that they can go on a cruise next summer

Ken and Kira are best described as being at the ________ stage of the traditional family life cycle. A) bachelorhood B) honeymooner C) parenthood D) postparenthood E) dissolution

Business