In manufacturing systems, one way to achieve continuous improvement can be to maintain low inventories, and periodically cut safety stocks almost to zero

The process by which people learn the values, norms, and required behaviors that permit them to participate as members of an organization is known as organizational _____.

Fill in the blank(s) with the appropriate word(s).

In case of an existing asset which is depreciable and is used in business and is sold for a price equal to its initial purchase price, the difference between the sales price and its book value is considered as recaptured depreciation and will be

taxed as ordinary income. Indicate whether the statement is true or false