Consideration of fraud in financial statement audits is a relatively new concept derived originally from the Sarbanes-Oxley Act

Which of the following phrases best describes process focus?

A) low volume, high variety B) Finished goods are usually made to a forecast and stored. C) Operators are less broadly skilled. D) high fixed costs, low variable costs E) low inventory

A shortage of capacity (or inventory) occurs when

A) there are excessive cancellations. B) there are few cancellations. C) an expensive backup needs to be arranged. D) B and C only